From EUobserver · · 1m 20s
Green MEPs Push EU to Tax Iran Oil Profits
EU Green MEPs demand tax on oil super profits from Iran amid Ukraine war precedent.
In brief
EU Green MEPs demand tax on oil super profits from Iran amid Ukraine war precedent. Green MEPs urge EU to tax exceptional oil profits from Iran using Ukraine war tax models. Originally reported by EUobserver.
Green party calls for EU oil tax
Europe’s Green party urged the European Commission to tax exceptional profits made by oil and gas companies during the Iran conflict using Ukraine war models.
MEP Rasmus Andresen advocates action
German MEP Rasmus Andresen told Parliament on Wednesday that the Commission should act despite six EU states' call for a windfall tax framework.
Six EU nations propose windfall tax
Austria, Germany, Italy, Poland, Portugal, and Spain wrote to Ireland’s finance minister in August seeking an EU-wide framework to tax windfall profits.
Ireland holds EU presidency
Ireland holds the rotating EU presidency and can set agendas in the EU Council until the end of the year.
Several EU countries oppose tax
Many other EU countries oppose introducing another tax at European level, which would require unanimity among all 27 member states.
MEP Andresen questions Commission inaction
MEP Andresen said the Commission is not taking action despite six member states' initiative for a windfall tax framework.
“I don’t understand how despite the fact that there is this initiative from these six member states, that the commission is not taking action.”
The takeaway
Green MEPs urge EU to tax exceptional oil profits from Iran using Ukraine war tax models.
