Pakistan, June 26 -- Germany's parliament passed a €46 billion corporate tax relief package on Thursday to support businesses and encourage investment across the country. This move aims to revive Europe's largest economy after two years of economic decline.

The new government calls the package an "investment booster." It offers companies generous tax breaks, including depreciation benefits of up to 30% on investments and up to 75% for electric vehicle purchases. These incentives are designed to stimulate growth and green innovation.

Additionally, the plan includes a gradual corporate tax rate cut, reducing it by one percentage point annually starting in 2028. By 2032, the corporate tax rate will drop to 10%, making Germany more co...