Revenue skimming | German cabinet rubber stamps tax on 'excessive' green power proceeds

Scholz cabinet approves 1 December start-date removing most of the 'retroactivity' contained in previous drafts, but measure still outreaches EU plan for €180/MWh cap

German economics and climate minister Robert Habeck (l) and Chancellor Olaf Scholz (r) at a cabinet meeting earlier this month. — German economics and climate minister Robert Habeck (l) and Chancellor Olaf Scholz (r) at a cabinet meeting earlier this month.Foto: Maja Hitij/Getty Images/Getty Images

Bernd Radowitz

Published 28 November 2022, 11:19Updated 28 November 2022, 12:58

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