Germany plans 33pc windfall tax on gas, coal and oil firms, say sources

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Malay Mail Logo Malay Mail 4 mo ago

Germany plans 33pc windfall tax on gas, coal and oil firms, say sources - Malay Mail

Quick Summary:

BERLIN, Nov 24 — The German government plans to introduce a special levy to skim off 33 per cent of windfall profits mad...

Germany’s traditional and renewable energy lobbies criticized both levies as too bureaucratic and hardly feasible.

The tax could be challenged legally as a violation of the general principle of equality through an unjustified unequal treatment of companies, tax law experts say.