Germany Eyes Prolonging Tax Cuts for Energy-Intensive Industry

Germany may extend a tax-reduction program for energy-intensive companies by another year as the government seeks ways to revive industrial growth.

Finance minister Christian Lindner floated the option as a cheaper alternative to rolling out a reduced power price for industry, according to an interview with newspaper Welt published Sunday. While the Economy Ministry continues to push for broader industrial relief, a spokesperson said it would “expressly welcome” the measure.

The subsidy — which was already prolonged last year — currently reimburses about 90% of energy taxes for around 9,000 companies. The government’s budget plan for next year didn’t ...