Portugal and five other European Union member states have requested that the Irish presidency of the Council of the EU initiate a debate on a new mechanism to tax extraordinary profits of oil companies. The coalition argues that the ongoing conflict in the Middle East remains the primary driver behind high energy prices, necessitating a coordinated European approach to the issue.
Portugal joins coalition seeking EU-wide oil profit tax
Monday, 24 August 2026AI summary
6 sources
- Portugal invests €3.9 billion in new frigates from ItalyThe Portugal News ·
- Portugal and 5 countries call for EU tax on oil companies' windfall profitsLusa ·
- Portugal wants a windfall tax on oil companies and has already informed Brusselscnnportugal.iol.pt ·
- Portugal and 5 countries call for a European Union tax on extraordinary oil company profitscmjornal.pt ·
- Portugal advocates for a European tax on extraordinary oil company profitsrtp.pt ·
- Portugal calls for EU tax on oil company profitsobservador.pt ·
