Five EU nations urge windfall tax on energy giants

Five European Union countries—Germany, Italy, Spain, Portugal, and Austria—are urging the introduction of a windfall tax on energy companies’ profits due to rising fuel prices linked to the Iran war, as outlined in a letter from finance ministers to the EU Commission. They propose this EU-wide tax in a letter dated Friday, believing it could [] The post Five EU nations urge windfall tax on energy giants appeared first on Modern Diplomacy.