{"id":463026,"date":"2026-08-25T10:05:15","date_gmt":"2026-08-25T08:05:15","guid":{"rendered":"https:\/\/www.eunews.it\/2026\/08\/25\/ue-tassare-gli-extraprofitti-delle-compagnie-petrolifere-e-competenza-degli-stati\/"},"modified":"2026-08-25T11:34:15","modified_gmt":"2026-08-25T09:34:15","slug":"eu-should-oil-companies-windfall-profits-be-taxed-its-up-to-individual-member-states","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2026\/08\/25\/eu-should-oil-companies-windfall-profits-be-taxed-its-up-to-individual-member-states\/","title":{"rendered":"EU: Should oil companies\u2019 windfall profits be taxed? It\u2019s up to individual Member States"},"content":{"rendered":"

Brussels \u2013 Taxing the windfall profits of energy companies falls within the remit of the European Union\u2019s Member States. This is the European Commission\u2019s position regarding the letter sent last weekend by Italy and five other EU countries calling for an EU-wide tax on the windfall profits of energy companies. \u201cTaxation of windfall profits falls within the remit of the Member States, which may take action based on national legislation,<\/strong>\u201d said a spokesperson for the EU executive, specifying that \u201csuch measures must comply with European law.\u201d<\/p>\n

 In fact, Brussels stressed that \u201cMember States can already use their national tax powers to address costs relating to social equity and, if they so wish, devise measures to tax windfall profits, as set out in the AccelerateEU communication of 22 April<\/a>.\u201d In this context, the Commission \u201cwill respect Member States\u2019 decisions and provide assistance and best practice on national measures, whilst also assessing their impact on the single market.\u201d <\/p>\n

Last weekend, six European Union countries sent a letter to the Irish Minister for Finance \u2013 the country currently holding the rotating presidency of the EU Council \u2013 calling for a discussion at the ECOFIN meeting on the introduction of a common framework for taxing oil companies\u2019 windfall profits, following the surge in fuel prices linked to the war in Iran. The finance ministers of Germany, Italy, Austria, Poland, Spain, and Portugal signed the letter. \u201cOil companies are benefiting from overall profitability and margins on refined products that exceed the rise in crude oil prices,\u201d the letter states. \u201cWe are experiencing one of the greatest supply shocks of recent decades, and discontent is growing worldwide over the rising cost of living.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Brussels \u2013 Taxing the windfall profits of energy companies falls within the remit of the European Union\u2019s Member States. This is the European Commission\u2019s position regarding the letter sent last weekend by Italy and five other EU countries calling for an EU-wide tax on the windfall profits of energy companies. \u201cTaxation of windfall profits falls […]<\/p>\n","protected":false},"author":1,"featured_media":461913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","show_comment_section":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25705,25774],"tags":[35453,33392,30151,29519,33394],"class_list":["post-463026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-in-brief","tag-compagnie-petrolifere","tag-energia","tag-extraprofits-en","tag-tax-en","tag-ue"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/463026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=463026"}],"version-history":[{"count":1,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/463026\/revisions"}],"predecessor-version":[{"id":463027,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/463026\/revisions\/463027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/461913"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=463026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=463026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=463026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}