Germany should not tax “excessive” corporate profits made amid the economic and energy crisis, as that would interfere with market forces, the finance minister said in an interview on Sunday, after being asked about extraordinary taxes imposed in other countries. European countries.
Italy and the United Kingdom are among those this year introducing extraordinary taxes on energy companies that have benefited greatly from tighter fuel supplies, as state coffers have emptied during the pandemic and costs of housing the poor have soared.
“To me, a lot or possibly everything speaks against a possible excessive profit tax when I think about it more closely,” minister Christian Lindner of the Liberal Democratic Party (FDP) told public broadcaster ZDF.
“It would mean that we would hand over our tax system to arbitrariness,” he said in a series of interviews with politicians at the station.
The UK introduced a 25% windfall tax on oil and gas producers in May to help fund government support for families.
Lindner argued that vaccine producers were reaping high profits because their risks were high and that while electricity supplies are tight at the moment, higher prices were the right consequence to guide market responses.
Source: CNN Brasil
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