Bloomberg Tax
Sept. 14, 2022, 8:44 AM

Germany Expects About $10 Billion From Energy Windfall Levy

Kamil Kowalcze
Kamil Kowalcze
Bloomberg News

Germany could reap around 10 billion euros ($10 billion) by skimming off windfall profits from energy companies benefiting from market disruption, according to Finance Minister Christian Lindner.

The government in Berlin plans to work out the details of the levy as soon as possible, Lindner told Bloomberg Tuesday on the sidelines of a conference in Berlin. The additional revenue will be used to finance part of a 65 billion-euro relief package unveiled this month to help citizens and companies cope with soaring energy prices.

Chancellor Olaf Scholz’s ruling coalition backed European Union proposals to tax windfall profits after ...