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The German government plans to introduce a special levy to skim off 33% of windfall profits made by oil, coal and gas companies, which could generate revenue of between one and three billion euros, finance ministry sources told Reuters. The levy, called "EU energy crisis contribution", would affect a low double-digit number of companies, targeting their 2022 and 2023 profits, and would be implemented by the end of 2022, the sources added. Germany has been in talks over the levy at the European Union level and has examined several ways to implement the tax, the sources said, adding that the chosen instrument has the least legal risks.
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