European Commission puts brakes on tax on energy companies’ profits due to oil crisis

European Commission puts brakes on tax on energy companies’ profits due to oil crisis

The Corner Banco Sabadell | In the new strategy of measures to tackle the energy crisis that the European Commission is set to present this week, Brussels is reluctant to push for a European tax on energy companies’ windfall profits despite rising oil prices. Although Spain and four other countries are calling for a coordinated levy, the EC is leaving the decision to individual Member States. The new European plan to tackle...