German tax revenue fell 7.9% in July

By Maria Martinez

BERLIN (Reuters) – Germany’s federal and regional state governments’ tax revenue fell strongly in July compared with the same month last year due to a sharp decline in revenue from sales taxes, the finance ministry said on Thursday.

The federal and state governments’ tax revenue decreased by 7.9% year-on-year to a total of 63.8 billion euros ($70.91 billion) in July, according to the ministry’s monthly report.

The tax revenue rose by 1.9% in January through July, when compared with the same period last year, and reached 477.8…