Spain’s Left Wants to Push Through Windfall Profit Tax Extension

Spain’s caretaker governing coalition would make permanent windfall profit taxes on banks and energy firms, which were initially introduced this year on a temporary basis, the finance minister said Wednesday.

“Before they expire, we will review both taxes and then extend them, incorporating any changes that could make them more effective or secure,” Maria Jesus Montero said in an interview with radio station Cadena Ser.

The acting governing coalition reached an agreement on Tuesday but still requires the support of other parties to form a new government after inconclusive elections this summer.

In total, the two taxes brought ...