Calls for windfall taxes on oil companies revived amid high profits

Amid reports of huge profits by oil companies, calls for temporary windfall taxes have been revived, reminiscent of measures taken by European nations during the 2022 energy shock.

1 May, 04:00 — 1 May, 04:00

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NYTMostly Factual13d ago

Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes

European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.

By Patricia Cohen

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Calls for windfall taxes on oil companies revived amid high profits

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Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes

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