Austrian energy companies slammed with massive windfall tax ...News

The levy is set to be 40% of excess profits on top of regular taxes The Austrian government plans to introduce a new windfall tax on energy companies, Vice Chancellor Werner Kogler and Finance Minister Magnus Brunner announced at a press conference on Friday. The levy will amount to 40% of excess profit for oil and gas companies, according to the announcement. As Kogler explained, the government will take a company’s average profit between 2018 and 2021 as the basis for the tax. If current profit is more than 20% above this average, 40% will be skimmed as a windfall tax. However, since the corporate tax on this pr

Hence then, the article about austrian energy companies slammed with massive windfall tax was published today ( Sunday 20/11/2022 - 08:29 AM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Austrian energy companies slammed with massive windfall tax )

Also on site :

• U.S. Labs Look to New Materials to Close China's Nuclear Lead
• FF EAI Robotics Ecosystem (FFR) CEO YT Jia Shares Weekly Investor Update: Recaps FFR's Listing Closing and First Investor Day in New York; FFR Sold and Shipped 351 Robot Devices in October, Setting Another Monthly Record
• Last-mile banking network is struggling amid rising costs, low commissions