Saturday, April 4

Exclusive-Five EU finance ministers call for windfall profit tax on energy companies


By Andreas Rinke

BERLIN, April 4 (Reuters) – Five European Union finance ‌ministers are calling for ‌a tax on windfall profits of energy ​companies in reaction to rising fuel prices due to the Iran war, according to a ‌letter from ⁠the ministers to the EU Commission seen by Reuters ⁠on Saturday.

The finance ministers of Germany, Italy, Spain, Portugal ​and Austria ​made the ​joint call in ‌a letter dated Friday, saying such a measure would be a signal that “we stand united and are able to take action”.

“It ‌would also send ​a clear message ​that those ​who profit from ‌the consequences of the ​war must ​do their part to ease the burden on the general ​public,” ‌they wrote.

(Reporting by Andreas Rinke; ​Writing Tom Sims; Editing ​by Alison Williams)



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