Dombrovskis: Windfall taxes are possible; assessing a coordinated EU approach 5h ago

EU Commissioner for the Economy Valdis Dombrovskis has indicated that windfall taxes on energy and oil companies are a possibility, with seven Member States having already requested the Commission to implement such a measure. While individual Member States can already enact these taxes due to direct taxation falling within their purview, the Commission is currently assessing the feasibility of a more coordinated European approach. The Five Star Movement has welcomed this openness, urging for swift action to ensure the tax is not delayed or diluted, and suggesting it could serve as a solidarity contribution to aid families and businesses impacted by rising costs, particularly those exacerbated by the war in Iran.

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