News Formal

Donohoe: Taxing windfall profits at Corrib ‘is a matter for the EU’ | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

Corrib, off the coast of Mayo, is Ireland’s only domestic gas field and last year its operator and owner, Vermilion Energy, saw its revenues increase by over 250 per cent as a result of rising European gas prices.

Corrib gas field: revenues increased last year by over 250 per cent as a result of rising European gas prices.

Taxing any windfall profits from bumper revenues at the Corrib gas field could only happen as part of a wider coordinated European policy, the Minister for Finance has said.as gas prices around Europe continued to soar due to tightened supply and the fear of being completely cut off from Russian gas supplies.Subscribe from just €1 for the first month!

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Donohoe: State’s coffers can handle spending hike despite permacrisis | Business PostHaving emerged from the pandemic with record debts just as war erupts in Ukraine, Ireland’s public spending must find a sustainable way forward, the Minister for Finance said
Source: businessposthq - 🏆 8. / 71 Read more »

Glenveagh boss: price caps on First Home scheme may need to rise | Business PostThe Business Post website is the home of quality independent journalism. An Irish and global news service, with award winning comment and analysis
Source: businessposthq - 🏆 8. / 71 Read more »