Sweden's Ministry of Finance has announced a tax proposal for the introduction of a windfall profits tax based on the recently approved EU Council Regulation on an emergency intervention to address high energy prices. The Swedish tax proposal is in line with the Regulation, including a temporary tax on extraordinary profits made by companies in the oil, gas, coal, and refinery industry during 2023, if at least 75% of a company's turnover in 2023 is attributable to the fossil fuel sector. The proposed tax would be levied at a rate of 33% on the part of profits exceeding the company's...