Germany assessing options for retroactive energy levy

German Chancellor Olaf Scholz is reportedly examining options for introducing special levy on power generators with retroactive effect in an attempt to temper the ongoing energy crisis.

Photo: Christian Mang/REUTERS / X03862

With the aim of making energy companies that have profited from soaring gas prices contribute to solving the financial challenges that citizens face due to high energy prices, the German government seeks to introduce a special levy.

This levy, which is one part of an extensive package, could potentially be applied retroactively if legislation permits, writes Reuters.

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