26 November 2010 14:55 [Source: ICIS news]
German industry leaders, including BASF CEO Jurgen Hambrecht, had earlier protested against the tax levy, which is expected to generate around €2.3bn ($3.1bn) a year in additional revenues for Merkel to help cut the country's budget deficit.
Meanwhile, the last of
Kurt Beck, minister president (governor) of BASF’s home state of Rhineland-Palatinate, told the media that he and other states led by the opposition Social Democrats remained opposed to the plan and were considering a constitutional challenge.
($1 = €0.75)
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