Germany Among States Pushing EU to Tax Energy Windfall Profits

Five European Union members urged the bloc to tax windfall profits energy companies are reaping as a result of the US-Israeli war on Iran.

The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call in an April 3 letter seen by Bloomberg to Wopke Hoekstra, the EU’s climate commissioner.

They wrote that taking such action would “send a clear message that those who profit from the consequences of war must do their part to ease the burden on the general public,” according to the letter, which was first reported by the Reuters news agency.

Without ...