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BREAKING
Al Mayadeen's Beirut Bureau Chief Roni Alfa: This Israeli aggression says that issue of negotiating with Lebanon is not on table, and that "Israel" will not abide by Resolution 1701.
Al Mayadeen's correspondent: Preliminary casualty toll of Israeli aggression on Southern Suburb of Beirut now at one martyr, 21 wounded.
Ammar: Palestinian experience shows that settlements and talk of peace cannot emanate from enemy that blatantly declares its intent to expand.
Ammar: Unfortunately, enemy is emboldened to commit its aggression by voices within Lebanon that have turned themselves into tools that support its aggression.
Ammar: We are in a full-fledged battle with enemy, and walk at a different pace; we will set the time [for a response].
Ammar: Resistance dealing with utmost wisdom, patience, and will confront this enemy at appropriate time.
Ammar: Any attack on Lebanon is violation of red lines, this aggression is part and parcel of entity which targets Lebanon's dignity, sovereignty, and security of citizens.
Lebanese MP Ali Ammar from attack site: Israeli aggression has attacked entirety of Lebanon since Washington-sponsored ceasefire.
Israeli media citing senior US official: We were not informed prior to strike, but as it was underway.
Israeli media: US had been informed of planned escalation against Lebanon.

Germany considers VAT waiver for gas surcharge - Minister

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Aug 2022 14:49
  • 1 Shares
3 Min Read

German Finance Minister Christian Lindner says he is considering the exemption of the country's looming gas levy from sales tax.

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  • Germany considers VAT waiver for gas surcharge - Minister
    A growing number of enterprises in Germany are forced to stop or reduce production due to increased gas prices.

German Finance Minister Christian said on Friday that Germany wants to impose on households a gas levy to bail out its struggling suppliers; however, an extra tax on that surcharge would be a bit too far.

"As federal finance minister, I would not want to tax the gas contribution," Lindner told the local news agency dpa.

Read: Germany raises alert level over securing gas supplies

A shortage in Russian gas exports to Germany has raised prices for local suppliers. The German government wishes to divide this burden between suppliers and consumers, who would be charged a levy of up to 0.05 euros ($0.05) per kWh from October 1 to April 1, 2024. This is equivalent to an extra 1,000 euros for a four-person family, excluding the EU's standard value-added tax of 19%.

The plan to eliminate VAT on the levy may raise legal objections from the EU, Lindner admitted. He vowed to "make every legal and political effort" to avoid additional burdens on the consumers.

The Association of German Chambers of Commerce and Industry (DIHK) said in late July that a growing number of enterprises in Germany are forced to stop or reduce production due to increased gas prices.

An evaluation issued by the DIHK on Monday showed that "a total of 16% of industrial companies are forced to respond to the current energy situation by reducing production or partially abandoning some areas."

According to the evaluation, the energy-intensive economy is particularly badly affected: the values here are consistently twice as high as the average for the industry. A total of 32 percent of these energy-intensive companies are dealing with a reduction in production or a (partial) task of business areas. Almost a quarter of them, i.e. a total of 8 percent of all energy-intensive companies, have already implemented appropriate measures. A further 10 percent of the energy-intensive say they are in a corresponding dismantling process, and an additional 14 percent have such steps in their planning.

The DIHK evaluation also shows that many companies still have to procure significant quantities of gas for 2022 in the middle of the year. Only half of the industrial companies have already covered their gas requirements through contracts. More than a third still have to buy more than 30 percent of their annual requirements for 2022. This corresponds to a projected volume of up to 50 terawatt hours of gas.

Read more: Germany's chemical giant may close plant due to gas shortage – WSJ

  • Russian gas supplies
  • Germany
  • gas shortage
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