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Euronews
Euronews
Gabriele Barbati

Five EU ministers call for new windfall tax on energy profits amid price surge

Germany, Italy, Spain, Portugal and Austria have asked the EU for energy companies to help alleviate the burden on consumers and taxpayers triggered by the war in the Middle East, using the extra profits that companies are accumulating thanks to rising fuel prices.

The five Ministers of Economy and Finance wrote this in a letter addressed to EU Climate Commissioner Wopke Hoekstra, pointing out that actions taken at national level on excise duties must be accompanied by a joint effort.

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