8 – Income taxes
|
|
2nd Quarter |
1st Half |
||
|---|---|---|---|---|---|
|
|
2016 |
2015 |
2016 |
2015 |
Germany |
|
532 |
774 |
1,020 |
1,174 |
Foreign |
|
1,009 |
1,113 |
2,199 |
2,544 |
Income before taxes and minority interests |
|
1,541 |
1,887 |
3,219 |
3,718 |
|
|
|
2nd Quarter |
1st Half |
||
|---|---|---|---|---|---|---|
|
|
|
2016 |
2015 |
2016 |
2015 |
Germany |
|
million € |
158 |
260 |
288 |
362 |
Foreign |
|
million € |
256 |
246 |
384 |
687 |
Income taxes |
|
million € |
414 |
506 |
672 |
1,049 |
Tax rate |
|
% |
26.9 |
26.8 |
20.9 |
28.2 |
The lower tax rate in the first half of 2016 was particularly the result of lower taxes in the Oil & Gas segment due to the currency-driven decrease in temporary differences to the values used for the calculation of taxable income in Norway.
Lower earnings from countries with high taxes, especially in Norway, also contributed to a reduction in the tax rate.