Germany’s Federal Council has approved measures to counteract cold progression in income tax and to provide additional support for families. Key changes include an increase in child benefits and adjustments to tax allowances aimed at improving financial conditions for households….

The Free Democratic Party (FDP) has decided to withdraw its support for Chancellor Olaf Scholz’s proposed legislation aimed at combating cold progression in taxation. FDP leader Christian Lindner criticized the compromises within the bill, stating that the party cannot endorse…