THE GUARDIAN: Levy could raise €140bn, and energy ministers also set targets to cut electricity use
EU energy ministers have agreed to levy windfall taxes on energy companies’ profits, and to cut electricity use, but remain at loggerheads over proposals to cap the price of gas.
Meeting in Brussels on Friday, the bloc’s 27 energy ministers signed off on proposals to levy a “solidarity contribution” on fossil fuel producers that have benefited from soaring energy prices. » | Jennifer Rankin in Brussels | Friday, September 30, 2022
Showing posts with label windfall tax. Show all posts
Showing posts with label windfall tax. Show all posts
Friday, September 30, 2022
Wednesday, May 18, 2022
Foreign Secretary Says We Are in a 'Very Serious Situation' as Inflation Hits 40-year High
May 18, 2022 • The Foreign Secretary Liz Truss says there's no doubt the current situation is "very difficult for people across the UK" as inflation rises to highest level since 1982.
On the windfall tax she says it "makes it more difficult to secure future investment into the UK" with the cost of living continuing to rise.
On the windfall tax she says it "makes it more difficult to secure future investment into the UK" with the cost of living continuing to rise.
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