Introduction
Have you heard of Germany’s Church Tax? I uncovered this and many other unbelievable Secrets when I visited Germany.
Keep watching to find out! There’s even one $500 billion secret!
Germany Runs on Beer
This country runs on beer! German beer is world famous, and Germans drink an average of 25 gallons of beer every single year!
But it doesn’t stop there – festivals like Oktoberfest bring in over 5 million people from around the world, and beer adds over $30 billion to the German economy every year!
A Stock Exchange Older Than the USA?
This Stock Exchange opened before the US even existed!
I’m in Germany and the Frankfurt Stock Exchange is one of the oldest in the world! Created in 1585, it started out with trading currencies.
And today, it lists world famous companies like Volkswagen and Deutsche Bank, and handles billions of dollars every single day!
A Church Tax?
This country has a tax you’ve never heard of – the church tax!
Members of certain religious groups in Germany pay an extra 8 to 9% income tax to the church.
But it isn’t applicable to everyone – only around a quarter of the population pays this tax.
Wall Street of Europe
I’m in the Wall Street of Europe!
Frankfurt is home to one of the world’s largest stock exchanges, the European Central Bank, and over 200 Banks and financial institutions.
This makes it one of the most important financial hubs in Continental Europe.
Cars Drive Germany’s Economy
Cars drive Germany’s economy!
German Brands like BMW, Mercedes and Volkswagen are world famous for their engineering, technology and performance.
The German automobile industry employs over a million people, and adds over $500 billion to the economy.