The Government Is Reintroducing a Tax on Windfall Profits for Fuel Companies.
11 Articles
11 Articles
Fuel prices are rising strongly, and a new fuel discount is out of the question for the Greens. Green Group Vize Andreas Audretsch demands instead an over-profit tax for oil and gas companies and wants to reduce the electricity tax. However, questions remain with regard to the concrete design of the over-profit tax.
In view of the new all-time high in fuel prices, SPD Secretary General Tim Klüssendorf has sharply criticised Minister of Economic Affairs Katherina Reiche (CDU).
The government once again wants to tax the windfall profits of fuel companies. Donald Tusk argued that the money raised could be used to lower fuel prices, including by reducing VAT and excise duties. The bill will now be submitted to the Sejm for a second time.
The government is again trying to introduce a special tax for parts of the fuel industry. The draft was at the top of the agenda of the meeting of the Council of Ministers scheduled for today, 15 September. The rate is expected to be as high as 60 percent, but it will not be charged on the entire profits of the companies. Only the excess determined by the legislator is to be covered by the tax. This is the second approach to a solution that [...…
The new draft tax on extraordinary profits of fuel companies, like the previous one rejected by the president, assumes budget revenues from the levy at the level of PLN 4 billion - according to the impact assessment of the draft regulation.
Fuel prices are rising, and the government is revisiting the idea of a tax on oil companies' windfall profits. The bill could be debated as early as Tuesday. This is a response to the situation in the oil market, which has surpassed $107 per barrel.
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