The 27 EU member countries are negotiating measures proposed by Brussels last week to attempt to pull down sky-high energy costs - including bloc-wide windfall profit levies on energy firms.
"That is a very big change and not everyone will be happy about it," a diplomat from one EU country said.Countries are also seeking leeway to keep their own national levies, rather than replacing them with the EU's plan. The EU levy would apply to "surplus" profits that are 20% above a company's average taxable profits in the last four years, under the compromise drafted by the Czech Republic which currently holds the EU's rotating presidency.
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.
Source: mining - 🏆 449. / 53 Read more »