An “excess profit tax” is intended to siphon off excessive profits from the crisis. Siegfried Russwurm, President of the Federation of German Industries, does not agree with this.
The President of the Federation of German Industries, Siegfried Russwurm, rejects a so-called excess profit tax. “I find it difficult to define “excess gain”. Where does it start and where does it end?” Russwurm told the German Press Agency in Berlin.
“By the way, one cannot imagine what kind of new bureaucracy would then be necessary for the determination.” In addition, profits are already heavily taxed. “The more profit a company makes, the more taxes it pays.”
“It would be wiser to address the government causes of high prices,” Russwurm noted. “For decades we’ve gotten used to the fact that energy was relatively cheap to procure. The taxes and duties to be paid on energy were all the higher. Now we buy our gas much more expensively – and taxes and duties are growing with it.”
Before the federal elections in the summer of 2021, Chancellor candidate Olaf Scholz told German industry that he found an industrial electricity price of four cents per kilowatt hour to be globally competitive. “That should be the goal after us. But so far too little has happened, the elimination of the EEG surcharge is far from enough.” The EEG surcharge for electricity customers, which was abolished at the beginning of July, was intended to promote electricity generation from renewable energy sources such as wind and sun.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
