Germany's ruling coalition has agreed to let the fuel tax cut expire on July 1, citing fiscal concerns. While acknowledging the measure's effectiveness in lowering inflation, officials warned oil companies against price gouging and stated readiness to intervene if necessary.
Germany's fuel tax cut, known as the "Tankrabatt," will expire as planned on June 30th. While politicians acknowledge its effectiveness, they deem an extension financially unsustainable. Concerns about potential price hikes post-expiration are being addressed with contingency plans.
Italy's Economy Minister urges caution regarding the extension of fuel excise tax cuts, stating that the "space is not exaggerated." The government is considering a ministerial decree for the potential extension.
Mecklenburg-Vorpommern's Minister President Manuela Schwesig announced a proposal to extend the fuel tax cut beyond June 30th, suggesting it be financed by a windfall tax on oil companies. The current tax cut, implemented in early May, was intended to mitigate the impact of rising oil prices.
Italy's government is debating whether to end consecutive fuel tax cuts, costing around €2 billion, and shift to targeted aid for specific groups like low-income citizens or truckers. A decision is expected today, as current cuts expire on June 7th.
Italy's government faces a decision on renewing fuel tax cuts due to expire June 6. Minister Pichetto Fratin stated renewal depends on pump prices, with potential targeted aid for truckers. A decree law could be discussed June 4, while 'mobile excise' using VAT surplus is also an option, though not guaranteed.
The Italian government has extended the fuel excise tax cut for two more weeks until June 8 and granted €300 million in tax credits to truckers, leading to the suspension of a planned strike. Measures aim to address high fuel costs impacting the transport sector.
The Italian government has extended fuel tax cuts until June 8 and granted €300 million in tax credits to truckers, leading them to suspend a planned strike. Measures aim to address high fuel costs impacting the transport sector.
Italy's Council of Ministers will discuss a decree including fuel excise tax cuts for truckers and public transport until early June, aid for the ex-Ilva steel plant, and tax payment extensions for VAT holders. The decree aims to mitigate the impact of rising fuel prices on citizens.
Italy's Deputy Economy Minister Maurizio Leo stated that the government is working on a measure to reduce fuel excise taxes, potentially to be presented to the Council of Ministers on Friday. The aim is to mitigate the impact of rising taxes on families and businesses, especially to avoid an increase scheduled for the 22nd of the month.
Italy's Deputy Economy Minister Maurizio Leo stated that the government is working on a measure to reduce fuel excise duties, potentially to be discussed in a cabinet meeting on Friday. The aim is to mitigate the impact of rising excise taxes on families and businesses, especially before an expected increase on the 22nd of the month.
Italy's Council of Ministers will approve measures for road haulage and local public transport, funded by domestic resources. The government is also seeking EU approval for fiscal flexibility to address the economic impact of the Middle East crisis.
Italy's Economy Minister will speak at the G7 summit in Paris. A council of ministers meeting on Friday will decide on renewing the fuel excise tax discount and measures for the road haulage sector.
SPD politicians expressed reservations about extending Germany's fuel tax cut beyond June, deeming it unsustainable. While CSU leader Markus Söder is open to an extension depending on prices, SPD's Miersch suggested a price cap as an alternative for prolonged high fuel costs.
