The head of the EU today pledged to slap a windfall tax on energy giants to send record profits to “those who need it”.
Ursula von der Leyen spoke after Brussels drew up draft proposals for all EU countries to impose a 33% levy on "taxable surplus profits made in the fiscal year 2022”. It would apply to oil, gas, coal and refining companies established in the EU.
Separately the European Commission chief vowed a revenue cap on electricity generators, that have benefited from soaring gas prices while not actually using gas to produce power.
