Latest news and stories about energy tax in europe in Portugal for expats and residents.
The European Commission is reviewing a joint request from Portugal, Germany, Spain, Italy, and Austria to implement a windfall tax on energy company profits, acknowledging the proposal while distinguishing current market conditions from the 2022 energy crisis.
CNN Portugal commentator Pedro Costa and other political figures argue that taxing the extraordinary profits of energy companies is a logical and necessary step to fund support packages for families and businesses facing the current economic crisis.
The Irish government acknowledges that Portugal has requested a new discussion within the European Union regarding the taxation of oil companies.
Six European Union member states are calling for a tax on the windfall profits of oil companies.
The European Commission gave its approval this Wednesday to the proposal from Portugal and four other countries to apply a temporary tax on the extraordinary profits of energy companies. Brussels' position, however, is that the measure is an exclusive decision for the Member States. 'Member States may also adopt taxation measures on extraordinary profits...'
Portugal joins other nations in supporting the implementation of a new levy on energy sector profits across the European Union.
The European Commissioner for Economy stated that potential taxes on windfall profits from energy companies, as requested by Portugal, could generate additional revenue, while warning of deep economic uncertainty due to the conflict in the Middle East. The Commission is currently reviewing a request from the Portuguese Finance Minister and his counterparts from Germany, Spain, Italy, and Austria to create an EU-wide tax on energy windfall profits, similar to 2022 crisis measures. Commissioner Valdis Dombrovskis noted that while energy tax relief can provide immediate benefits, it must be balanced against long-term goals and fiscal costs. The Commission will provide a detailed assessment of the macroeconomic impact of the conflict in the upcoming European Semester spring cycle.
“We are looking into whether we can come up with some kind of more coordinated approach at the European level," says economy czar Valdis Dombrovskis.
Finance Minister Miranda Sarmento wants a new EU tax on windfall energy profits. After the mediocre experience of 2022, are we looking at a case of justice or populism?
In the midst of an energy crisis, with oil prices reacting to instability in the Middle East, Portugal has signed a joint letter with Spain, Germany, Italy, and Austria asking the European Commission for a new tax on energy company profits. The letter, dated April 3rd and addressed to Commissioner Wopke Hoekstra, requests...
The Commission is working in close cooperation with member states on potential targeted policy measures in response to the current energy crisis facing Europe.
The European Commission stated this Monday that it is analysing the request from Portugal, Germany, Spain, Italy, and Austria to create a tax on the windfall profits of energy companies, while noting that the situation differs from the 2022 energy crisis. “We have received the letter. We are currently analysing it and will respond in due course,” says an official source from...
Home News Portugal wants to apply a tax on extraordinary profits of energy companies Portugal wants to apply a tax on extraordinary profits of energy companies The Portuguese Minister of Finance and his counterparts from Germany, Spain, Italy and Austria have asked Brussels to create a tax on the
Miranda Sarmento was one of the European ministers to request authorisation from the European Commission to create a tax on the extraordinary profits of energy companies, similar to what occurred in 2022.
The Portuguese Finance Minister and his counterparts from Germany, Spain, Italy, and Austria have asked Brussels to create a tax on the windfall profits of energy companies, similar to measures used to contain the 2022 energy crisis. The request was made in a joint letter signed by Joaquim Miranda Sarmento and the federal ministers of...
The letter, dated April 3rd, is addressed to the European Commissioner for Climate Action, Carbon Neutrality and Sustainable Growth, the Dutchman Wopke Hoekstra.
Five EU finance ministers, including Portugal's, have called for a tax on the windfall profits of energy sector companies. The military operation 'Epic Fury' against Iran has so far resulted in 13 US service members killed and 365 wounded, the Pentagon revealed. We are following all developments here, minute by minute.
The finance ministers of these five countries have sent a formal proposal letter to the European Commission
Five EU Finance Ministers are calling for a tax on the windfall profits of energy companies. The Pentagon revealed that the military operation 'Epic Fury' against Iran has so far resulted in 13 US service members killed and 365 wounded. Tehran shot down a US fighter jet on Friday, and one of the pilots has been rescued. We are following all developments here, minute by minute.
The Portuguese Minister of Finance joined his counterparts from Spain, Italy, and Austria in signing a letter to the European Commission. The government guarantees that Portugal will follow the political transition in Venezuela.
