European Commission Plan for More Affordable, Secure, and Sustainable Energy Includes Guidance on Windfall Profits Tax
The European Commission announced its "REPowerEU" plan on 8 March 2022 for joint European action for more affordable, secure, and sustainable energy. The plan contains various proposals covering different areas, including in the area of taxation. This includes that EU Member States can consider temporary tax measures on windfall profits in order to finance emergency measures to mitigate retail…
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