Urgent.News

What's breaking now, across thousands of outlets.

Business

With two euros against the flood of packages: Can Austria slow down China's online giants?

16 million packages from the Far East land in the EU every day. A national fee is intended to curb cheap imports to Austria and ensure fairer competition. A guide to the new rules of the game in online trading

Translated from German Read in German

In Düsseldorf, consumers in Germany may soon be paying significantly more for a twelve-liter box of classic cola, potentially over five euros extra, due to the planned tax on sugary drinks. This information was first reported by the Handelsblatt on Wednesday, but unexpectedly, the Federal Chancellery halted the proposal put forward by Finance Minister Lars Klingbeil (SPD) on Thursday.

The proposal's foundation, according to the Handelsblatt, was the suggestion from the Financial Commission on Health. However, the Finance Ministry's version of the tax differed, and it became incompatible with the government's majority. Earlier, the Finance Ministry had softened the tax, excluding zero-sugar drinks, plant-based milk, unsweetened juices, and tonic water, as well as non-alcoholic beers and wines.

Despite this adjustment, producers of lemonades, ice tea, and energy drinks strongly criticized the proposed legislation. The tax was intended to bring the government an annual revenue of 1.2 billion euros – surpassing the 450 million euros suggested by the Financial Commission. Moreover, it was supposed to reduce healthcare costs of 3.5 billion euros caused by the consumption of over-sweetened beverages.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Every outlet that reported this, and when →

Read the original at derstandard.at →

More in Business

More from Thursday 1 October →