EU Weighs Windfall Tax on Energy Profits
Six EU governments want Brussels to study a new windfall tax on oil and gas profits, reviving a 2022 levy that collected about US$29 billion. The post EU Weighs Windfall Tax on Energy Profits appeared first on The Rio Times .
Six EU governments seek a study of a new tax on oil and gas profits at the Brussels summit on 9 October 2026. The focus of any levy would likely be more important to US and Latin American exporters than the headline. On 9 October 2026, finance ministers asked the European Commission to explore taxing windfall profits from oil and gas companies. This is based on a 2022 precedent, the players pushing for a new levy and its potential impact on suppliers in the United States and Latin America.
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