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5 EU nations call for windfall tax on energy firms amid Gulf war: Report
short by Pravel Jain / on Sunday, 5 April, 2026
Five European Union countries are calling for a windfall tax on energy companies' profits in response to rising fuel prices caused by the Gulf war, Reuters reported, citing a letter to the EU Commission. The Finance Ministers of Germany, Italy, Spain, Portugal, and Austria reportedly made the joint call. The ministers said the measure could help fund relief for consumers.
read more at Reuters