Exclusive: Five EU finance ministers call for tax on energy companies' windfall profits - Reuters

Exclusive: Five EU finance ministers call for tax on energy companies' windfall profits  Reuters

EU finance ministers urge tax on energy firms’ profits amid Iran war

Five European Union finance ministers are calling for a tax on windfall profits of energy companies in reaction to rising fuel prices due to the Iran war, according to a letter from ‌the ministers to the EU Commission seen by Reuters on Saturday. The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call in a letter dated Friday, saying such a measure would be a signal that “we stand united and are able to take action”. “It would also send a clear message that th...

By Reuters

European ministers call for profit caps on energy companies as Iran war drives price surge

Finance ministers from five European Union member states are urging the bloc to introduce a windfall tax on energy companies as surging oil and gas prices raise inflation fears

By Derek Gatopoulos

Five EU finance ministers call for 'tax on energy companies' windfall profits

Five European Union finance ministers are calling for a tax on windfall profits of energy companies in reaction to rising fuel prices due to the Iran war, according to a letter from the ministers to the EU Commission seen by Reuters on Saturday.

By RFI

Five EU nations urge tax on energy firms' windfall profits

The tax "would also send a clear message that those who profit from the consequences of the war must do their part to ease the burden on the general public", said the countries' finance ministers.