Czech Government Seeks $6 Billion in Windfall Taxes in 2023-2025

Oct. 6, 2022, 3:45 PM UTC

The Czech government proposed to raise 149 billion koruna ($6 billion) over the next three years by imposing windfall taxes on the biggest companies in selected industries to fund its energy subsidies.

The special levy will target extraordinary profits at electricity and natural gas producers and traders, banks, fossil-fuel miners, petrochemical companies and fuel wholesalers, Finance Minister Zbynek Stanjura told reporters on Thursday.

To contact the reporter on this story:
Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editors responsible for this story:
Ksenia Galouchko at kgalouchko1@bloomberg.net

Andrea Dudik

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