AfD Faction Renews Request for Subsidies for DAX Companies
Berlin, November 11, 2024 – The Alternative for Germany (AfD) faction in the Bundestag has renewed its request for information on subsidies provided to DAX-listed companies. In a small question, the AfD wants to know how much money the federal government and its affiliated institutions have granted to these companies since 2019.
The AfD justifies its request by stating that DAX-listed companies are among the most profitable in Germany and should, therefore, be able to finance their operations without state aid. The party suspects that these companies are receiving unfair advantages over smaller businesses and that the subsidies are ultimately borne by taxpayers.
In a similar request in 2023, the AfD had already requested information on subsidies for DAX companies. However, the federal government had refused to provide detailed data, arguing that it would be too labor-intensive to compile.
It is unclear whether the government will comply with the AfD’s renewed request. The government has repeatedly emphasized that it supports businesses of all sizes and that subsidies are granted based on objective criteria. However, the AfD’s request has raised questions about the transparency of government subsidies and the extent to which large corporations benefit from them.
The DAX is a stock market index that includes the 40 largest German companies by market capitalization. As of November 11, 2024, the DAX includes companies such as Volkswagen, SAP, Siemens, and Airbus.
Additional Information:
- The AfD is a right-wing populist party in Germany. It has been accused of being anti-immigrant and having ties to the far right.
- DAX-listed companies are often referred to as “blue-chip” companies because they are considered to be financially sound and stable.
- Subsidies can take various forms, such as direct grants, tax breaks, or loan guarantees.
- The German government provides subsidies to businesses to support economic growth and innovation.
AfD-Fraktion erneuert Anfrage zu Subventionen für DAX-Firmen
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Kurzmeldungen (hib) a new article on 2024-11-11 14:02 titled “AfD-Fraktion erneuert Anfrage zu Subventionen für DAX-Firmen”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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