BECAUSE of record fuel and gas prices, EU governments are considering introducing a tax on the extra profits of energy companies in order to alleviate citizens' discontent ahead of the upcoming elections.
BECAUSE of record fuel and gas prices, EU governments are considering introducing a tax on the extra profits of energy companies in order to alleviate citizens' discontent ahead of the upcoming elections.
<p>Economist João Loureiro analyzes the measures the government has taken to mitigate the increase in cost of living, in particular the rise in fuel prices.</p>
Fuel and gas prices in Europe are reaching record levels, and German Finance Minister Lars Klingbeil has asked the European Commission to consider the possibility of introducing a tax on the extra profits of oil companies in order to curb their profitability in the current crisis.