November 23, 2022 14:07 GMT
The German government plans to introduce a 33% windfall tax on profits made by coal, oil and gas companies, the finance ministry told Reuters.
- The tax is eyed to be implemented at the end 2022.
- The new levy would affect oil, coal and gas companies and refineries whose profits for this and next year exceed by 20% or more their 2018-2021 average.
- This tax will be separate to the electricity profit windfall tax from retroactive to 1 June.