Dutch Eye Windfall Tax in $16 Billion Plan to Ease Energy Costs

The Dutch government is said to be working on up to 16 billion euros ($16 billion) in funding to alleviate the burden of high energy prices and runaway inflation on its citizens.

The plan will include a 10% increase to the minimum wage, a reduction to energy taxes and targeted subsidies to lower income households, according to people familiar with the matter. The package would be financed through a combination of higher income from the Groningen gas field, a profit tax increase on small and medium-sized enterprises and a windfall tax on companies extracting oil and gas, said the people, ...