Excess profits tax for oil companies onl • Table.Briefings

In the crisis, the profits of some fossil energy companies are rising. The EU has decided on a solidarity contribution, but the member states have room for maneuver. The German government, however, expects only low revenues, apparently aiming for a minimum solution.

US President Joe Biden threatened it earlier this week, and the new British Prime Minister Rishi Sunak is expected to extend it, according to former World Climate Conference President Alok Sharma. The excess profits tax for oil and gas companies has gained renewed explosiveness recently – also because of new record figures.

Excess profits tax for oil companies only a paper tiger

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