Oil and Gas Super Profits Hit With New Windfall Taxes (Podcast)

More countries are turning to temporary windfall taxes targeting the huge profits being made by oil and gas companies as prices continue to climb.

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The UK, Italy, and Argentina, among other countries, have taken different approaches in designing these new taxes. The UK and Italy want to impose a 25% tax on the profits of energy companies to help people facing a cost-of-living crisis, while Argentina wants to impose a 15% tax.

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