Tax News

 

EU Weighs New Tax on Oil and Gas Windfall Profits as Prices Surge

Oct 13, 2026

The European Union is examining a bloc-wide windfall profit tax on oil and gas companies, the EU's tax chief told Reuters on Monday, as governments scramble for funds to help citizens with soaring energy bills.Oil and gas companies have reaped bumper profits this year, as energy prices have surged during the US-Israeli war with Iran, amid disruptions to shipping through the Strait of Hormuz and Iranian attacks on Gulf neighbours…

Brazilian Oil-Export Tax Concerning, says Shell Chief

May 01, 2023

The head of oil major Shell Plc's Brazilian operations on Monday said a temporary oil-export tax established in March was a concerning development that could hurt the country's investment attractiveness.Brazil's government in March said the temporary…

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