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Germany Cuts Energy Tax to Ease Impact of Rising Oil Prices; Relief Measures Total USD1.9 billion
Germany's ruling coalition announced relief measures worth approximately EUR1.6 billion (about USD1.9 billion) to help local consumers and businesses cope with rising oil prices. T...
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Germany Cuts Energy Tax to Ease Impact of Rising Oil Prices; Relief Measures Total USD1.9 billion
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Germany's ruling coalition announced relief measures worth approximately EUR1.6 billion (about USD1.9 billion) to help local consumers and businesses cope with rising oil prices. The energy tax on diesel and gasoline will be reduced by EUR0.17 per liter for a period of two months. The ruling coalition also agreed to allow companies to grant each employee a relief bonus of EUR1,000, with firms exempted from paying payroll tax and social security contributions on the payments.

German Chancellor Friedrich Merz said the ruling coalition is doing everything possible to address issues arising from the Iran war. (fc/da)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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