German opposition plans to abolish Post tax privilege

Deutsche Post AG, the German postal operator, is facing more problems with the announcement by the country’s current opposition parties that it plans to overturn the current tax privilege of up to 450m euros which the service enjoys. Additionally, the CDU said that it will demand that DP pays back millions in VAT.

Friedrich Merz, the senior CDU politician who announced the move, said that the results of research show that the current deal is too much in favour of Deutsche Post. Following the news, DP stood at 17.38 euros on Friday, a long way off the year’s high, but also far away from the annual low.