8 – Income taxes
|
|
1st Half |
|
|---|---|---|---|
|
|
2017 |
2016 |
Germany |
|
1,336 |
1,020 |
Foreign |
|
2,970 |
2,199 |
Income before taxes and minority interests |
|
4,306 |
3,219 |
|
|
|
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.