Germany Lowers Gas Sales Tax To Ease Burden On Consumers

Germany will reduce the sales tax on gas to ease the financial pressure on consumers who will be paying a gas levy from October as Europe's biggest economy looks to avoid a wave of bankruptcies at its energy companies.   Germany has recently announced it would impose a gas levy on consumers from October 1 through March 2024 as it aims to help energy providers and importers of natural gas, which are struggling with low Russian gas supply and very expensive alternatives to Russian gas. The new natural gas tax designed to keep importers afloat…