Bloomberg: Germany postpones imposition of tax on natural gas

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The first tranche was expected to be paid on October 1 while there are “still open questions” about it, the draft said.

Germany is delaying the imposition of a gas tax with consumers not having to pay the fee until at least October 31, according to a draft of the proposed law cited by Bloomberg.

The first tranche was expected to be paid on October 1 while there are “still open questions” about it, the draft said.

“Things are complicated,” German Economy Minister and Vice-Chancellor Robert Habeck said, adding “We are working through everything very carefully, in relation to subsidy regulations and constitutional issues,” he said after G7 trade ministers met in Neuhardenberg on Thursday.

Germany’s energy market is in disarray following the reductions in natural gas deliveries by Russia following the imposition of sanctions.

In an effort to stave off a possible collapse, Habeck proposed a levy that would spread the rising cost of natural gas imports evenly among consumers and pass it on to companies in need.

The proposal has received strong criticism.

“Habeck is clearly not able to present the reforms he promised,” CDU lawmaker Andreas Jung told Bloomberg, adding that instead of a levy, the government should directly support gas importers facing financial problems.

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