German tax revenues fall 25.3% due to coronavirus pandemic
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BERLIN (Reuters) - Tax revenues of the German government and the 16 federal states declined by 25.3% in April from a year earlier to around 39 billion euros ($43 billion) due to the coronavirus pandemic, the finance ministry's monthly report showed on Friday.Europe's largest economy is facing its most severe recession since World War Two as measures to prevent the disease have hampered public life and business.Early indicators show that the situation will likely remain difficult over the next..