The Finnish government has announced a revised proposal for the introduction of temporary (windfall) taxes on the profits of electricity and fossil fuel companies. As previously reported, the proposal originally included a 33% tax rate on income exceeding a 5% return on equity. In the revised proposal, a similar approach applies for electricity companies, but with a 30% tax on a company's profit from the electricity business to the extent exceeding a 10% return calculated on the amount of equity committed to the electricity business. Small electricity businesses and clean electricity retailers will be excluded from the tax. The tax...