EU Weighs Windfall Profits Tax for Energy Companies

The European Commission is weighing the design of a coordinated EU approach for windfall profits taxes on energy companies, an official said Wednesday.

“Our services are intensifying the legal and economic analysis of such measures” as it considers a “coordinated and sensible approach in the EU to windfall profits taxes,” said Věra Jourová, vice president of the commission.

She was speaking at a European Parliament meeting on energy windfall taxes, which target unusually high levels of profit.

Individual EU member states, including Spain and Italy, as well as countries including the UK and India, have looked to windfall ...