Germany agrees 7 billion euro tax cut to boost flagging economy

German Chancellor Olaf Scholz gives a statement ahead of a closed cabinet meeting at Schloss Meseberg, near Gransee, Germany, August 29, 2023. REUTERS/Lisi Niesner

MESEBERG, Germany (Reuters) - Germany's fractious coalition put aside weeks of squabbling on Tuesday, agreeing to a 7 billion euro ($7.56 billion) corporate tax relief package designed to give a flagging economy what Chancellor Olaf Scholz called a "big boost".

An earlier attempt to pass the package, labelled the "Growth Opporunities Law", was stymied by Greens Family Minister Lisa Paus, who sought 12 billion euros for a new child support benefit.