Factbox-Windfall tax mechanisms on energy companies across Europe

Published on: Thursday 08 December 2022

(Reuters) - Several governments across Europe have imposed windfall taxes on energy companies this year to reign in excess profits as energy prices have soared following Russia's invasion of Ukraine. In the European Union, a temporary windfall tax was approved in September to curb fossil fuel companies' surplus profits made in 2022 or 2023, as well as a levy on excess revenues that low-cost power

News source: https://www.msn.com/en-gb/money/other/factbox-windfall-tax-mechanisms-on-energy-companies-across-europe/ar-AA153IHJ

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Factbox-Windfall tax mechanisms on energy companies across Europe