8 – Income taxes

Income before taxes and minority interests (million €)

 

 

1st Half

 

 

2017

2016

Germany

 

1,336

1,020

Foreign

 

2,970

2,199

Income before taxes and minority interests

 

4,306

3,219

Income taxes

 

 

 

1st Half

 

 

 

2017

2016

Germany

 

million €

375

288

Foreign

 

million €

595

384

Income taxes

 

million €

970

672

Tax rate

 

%

22.5

20.9

The tax rate in the first half of 2017 increased compared with the same period of the previous year. This was the result of greater earnings contributions in countries with higher tax rates, especially Norway, China and Korea. The tax-reducing effects of the currency-related change in deferred taxes in Norway had less of an impact on the first half of 2017 than they did on the same period of 2016.