The purpose of the tax is to finance measures to support the population and curb inflation without burdening state budgets.
European Commissioner for Economy Valdis Dombrovskis announced that the European Commission approves the initiatives of a number of EU countries to introduce a tax on excess profits of large energy companies due to rising fuel prices, reports Politico.
“Nothing even now prevents member states from imposing such taxes. But we are exploring the possibility of a more coordinated approach at the European level,” he said, speaking to members of the European Parliament.
The creation of a unified legal framework at the EU level is necessary to avoid litigation, which countries have faced when introducing such taxes at the national level.
We will remind, earlier Austria, Germany, Italy, Portugal and Spain sent Earlier, Austria, Germany, Italy, Portugal and Spain sent a letter to the agency, calling for a fair distribution of unplanned profits from the Middle East crisis.
The specific rate of the tax or the exact list of paying companies in the current proposal has not yet been specified and should be worked out by the European Commission as soon as possible. Previously, a similar tax was introduced by the EU shortly after the outbreak of hostilities in Ukraine.
