German parliament closes SUV tax loophole

Newswire

BERLIN, Sept 24 (Reuters) - Germany's parliament voted on Friday to close a loophole which allowed drivers of heavy sports utility vehicles, such as the Porsche AG Cayenne and the M-Class Mercedes , to pay lower road tax. From April an estimated 220,000 drivers will no longer be able to claim the tax breaks, originally designed to help farmers. Germany's cash-strapped federal and 16 state governments hope the measure will raise around 40 million euros ($49.20 million) in additional revenues.

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