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EU ministers to discuss taxing windfall profits of energy companies as oil prices surge
Source: reuters.com
Fiscal Policy & BudgetTax & TariffsEnergy Markets & PricesGeopolitics & WarRegulation & Legislation
EU finance ministers will discuss an EU-wide windfall tax on energy companies that have benefited from higher oil and gas prices after the Strait of Hormuz closure. The proposal, with further negotiations expected in October, could pressure energy-sector profitability while underscoring the geopolitical disruption to global energy supplies.
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