Harmony for Germany in pensions tax

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GERMANY - The taxation of German social security and public sector pensions will be harmonised from 2005, as a result of government adoption of the findings of the long awaited Ruerup Commission report on the taxation of German pensions.

In addition, contributions are expected to rise. VDR, the German association of statutory pension funds, has said that if economic growth is 0.5% by the end of 2003, contributions will need to rise...

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