German Industry’s Energy Loophole Under Scrutiny
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  • Kevin

    I don’t see why this is an EU level issue. Germany effectively passed a tax on domestic industry (and consumers) but exempted some of it. No other EU firm is in a worse position because of this law. Germany did not subsidize its industry or apply a tax to foreigners that it waived domestically. All it is doing is giving a break from the tax, which does not apply to foreigners, to some domestic interests but not others. I think the EU is overreaching and its position is very weak.

    • Pete

      Good point, Kevin.

    • Andrew Allison

      First, there is nothing which Brussels doesn’t think it should regulate, and second, there are restrictions on government subsidies to businesses which compete with other EU companies.

      • Kevin

        I agree about Brussels’ attitude, but this is not a subsidy. It is not even excluding German industry from a tax or regulation applied to foreign competitors. Rather it is merely not imposing additional taxes on German industry. (Taxes which foreign competitors are also excluded from.). EU regulations, as crazy as they may be, can’t demand that Germany impose taxes on its own industry that are not imposed on foreign firms.

        • Andrew Allison

          Not quite. It is selectively exempting specific industries for competitive advantage.

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