Six EU countries push for windfall tax on oil companies amid surging war profits
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Usagevpn.com – As Middle East conflict continues to send energy prices spiralling upward, a coalition of six European governments has moved to pressure the bloc into levying a special tax on the extraordinary profits flowing to oil majors. The initiative, conveyed through a joint letter addressed to the country currently holding the rotating EU presidency, signals a rare moment of cross-border alignment on a politically charged fiscal question: whether the public should recapture a share of windfall gains generated by wartime supply disruptions.
The letter was signed by the finance ministers of Germany, Italy, Austria, Poland, and Portugal, together with Spain’s economy minister. It was directed at Ireland’s finance minister, whose nation occupies the temporary EU presidency and therefore controls the agenda-setting process for upcoming council meetings. The signatories asked that a windfall levy be formally placed on the agenda for next month’s gathering of EU finance chiefs in Dublin.…
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