Shell Will Evaluate British Energy Investments after Windfall Tax Brings Total Taxes to 75%

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  • #48025
    ThePitBoss
    Participant

    Shell, Europe’s largest oil company on Monday said it will “evaluate” its plan to spend as much as £25B on its U.K. operations over the next decade in
    [See the full post at: Shell Will Evaluate British Energy Investments after Windfall Tax Brings Total Taxes to 75%]

    #48032
    TradersCom
    Keymaster

    Italy will impose a windfall profit tax of 10% on some energy companies to finance a 4.4 billion-euro ($4.9 billion) package of measures to protect consumers and businesses from soaring prices.

    The levy will be calculated on the increase in profit that energy companies reported between October 2021 and March 2022, compared with the same period the previous year. Companies that report an increase of 5 million euros or more will face the 10% levy, according to a draft of the decree seen by Bloomberg News.

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