Could the EU tax windfall profits made by oil and gas companies?

Consumers are being squeezed by skyrocketing fuel and gas prices. Meanwhile, producers are raking in extraordinary profits. The situation is unfair – and a few European countries are now proposing to regulate it. They propose to tax the windfall profits of oil and gas companies. But can the EU actually implement such a tax?

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Consumers are being squeezed by skyrocketing fuel and gas prices. Meanwhile, producers are raking in extraordinary profits. The situation is unfair – and a few European countries are now proposing to regulate it.

They propose to tax the windfall profits of oil and gas companies. But can the EU actually implement such a tax?

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