BERLIN, Nov 27 Reuters Germany39;s cabinet on Wednesday approved a package of measures to promote startups and improve access to capital markets, government sources said, though it was unclear if it could get greenlit by parliament before February elections.
The socalled Second Financing for the Future Act is meant to boost anaemic economic growth, in particular by improving the tax framework for investments in venture capital.
It includes measures to remove obstacles to investment in infrastructure and renewable energies and cut bureaucracy.
Tax conditions are the decisive criteria for entrepreneurs when considering whether to set up in Germany, Finance Minister Joerg Kukies said in a statement. This is where the law comes in.
Germany39;s parliament passed the first Financing for the Future Act, one year ago in a bid to make Germany more attractive for entrepreneurs.
It is not clear if the current minority government of Social Democrats and Greens will find a majority to get this second law through the two houses of parliament before the election on Feb. 23.
The act was largely drawn up by former finance minister and leader of the Free Democrats Christian Lindner.
His party could still support the plan in parliament even after Chancellor Olaf Scholz fired him on Nov. 6.
That support would create the required majority to pass the law. The FDP leadership said it would first have to examine the draft law before deciding.
The project is one of the 49 measures from…