Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Scholz wants quick workaround with EU on German gas levy tax

Published 16/08/2022, 16:09
Updated 16/08/2022, 16:10
© Reuters. German Chancellor Olaf Scholz attends a news conference with Palestinian President Mahmoud Abbas, in Berlin, Germany, August 16, 2022. REUTERS/Lisi Niesner

BERLIN (Reuters) - Germany is seeking swift discussions with the European Commission to find a solution to curb the costs of a new gas levy on German consumers, Chancellor Olaf Scholz said on Tuesday.

© Reuters. German Chancellor Olaf Scholz attends a news conference with Palestinian President Mahmoud Abbas, in Berlin, Germany, August 16, 2022. REUTERS/Lisi Niesner

The commission said on Tuesday it was not possible to exempt the new German levy from value added tax as requested by Berlin but said the European Union executive wants to find a solution that would accommodate Germany's request in another way.

"We will discuss this way with the commission very quickly so that it is legally sound and can be implemented before the levy is charged," Scholz said in Berlin.

Latest comments

so stealing gas from hungry and Poland will be germanies new thing. This eu needs to breakup.
my Germany think the EU is yours and they can do what they want. This will end badly for the whole of Europe.
Germany is the eu so he will probably get his wish
in war for Commodities there is no EU, it's just nations one will
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.