Italy Shakes European Banking with 40% Windfall Tax on Rising Interest Profits
In an unexpected move that caused banking shares to plummet throughout Europe, Italy has sanctioned a one-time 40% tax on
Read more
windfall tax
Russia Mulls One-Time 200-Billion Ruble Tax From Businesses As Oil Revenues Decline
Russia is considering imposing a one-time, voluntary windfall tax on large corporations, an official said on Wednesday, as the country’s
Read more
Germany to Impose 33% Windfall Tax on Oil, Coal, and Gas Companies
The German government unveiled yet another windfall tax this week, this time targeting profits generated by oil, coal, and gas
Read more
Joe Biden Accuses Oil Companies of Profiting from Energy Crisis, Threatens to Impose Windfall Tax
The closer midterms approach, the more desperate the Biden administration becomes in nudging those pesky fuel prices downward just enough
Read more