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Germany mulls tax on coal for power generation: paper

Wed, 08/11/2010 - 8:24am
Reuters

BERLIN (Reuters) - Germany is mulling a new tax on coal used in power generation to help make up for revenue it would lose if it kept much-debated tax breaks for large corporate energy consumers, a newspaper said on Wednesday.

The new tax, which would be footed by energy companies, would raise 410 million euros ($534 million) next year and 710 million euros in 2012, the Handelsblatt newspaper said in a preview of its Thursday edition.

It would be limited to two years at first, according to a draft law seen by the paper.

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