Labour is calling for a windfall tax on supermarkets’ mega profits to help consumers during the cost of living crisis because they believe “price gouging” is rampant.
The main supermarkets operating here keep their profitability numbers close to their chests, but it is believed that they are pulling in hundreds of millions a year from Irish consumers.
Labour’s finance spokesman, Ged Nash, believes the “profiteering supermarkets” should be targeted with extra taxes to assist households who are struggling to make ends meet as grocery prices have soared due to spiralling inflation over the past year.
