European Oil Giant Warns Windfall Tax Could Backfire ...Middle East

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European Oil Giant Warns Windfall Tax Could Backfire
source : OILPRICE ( Middle East ) () 31
The chief executive of Austrian multinational integrated oil, gas and petrochemical company OMV (OTCPK: OMVJF) Alfred Stern has warned that the EU's planned windfall levy could have a huge impact, and criticized basing the proposal on profits over the last three years, pointing out that they were not normal times. "We will keep an eye on that, as it can already have a massive impact," Stern has told journalists. However, Stern says it’s difficult to assess the exact impact of the levy considering that specifics of the proposal have not yet…

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