Germany plans to impose a windfall profit tax on oil companies Germany limits oil prices to rise only once a day

On the 19th, the German Ministry of Finance announced that they are studying a special tax scheme targeting oil companies, aimed at extracting a portion of their profits resulting from soaring oil prices as taxes. German officials stated that they are exploring a plan to levy an excess profit tax to ease the burden on the public, with one proposal being to use the revenue to increase public commuting subsidies. Additionally, the German government is drafting a bill that would allow gas stations to raise prices only once per day and strengthen the intervention capabilities of the Federal Cartel Office. (CCTV Finance)

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