Italy will tax the profits of energy companies at 25 per cent to help fund a support package for consumers and businesses that have been hard-hit by soaring energy costs, the Rome government has announced.
Prime minister Mario Draghi said the balance of taxes and payments meant the package would not add to Italy’s deficit. “This will allow us to become independent from Russia’s gas,” Mr Draghi said. Russian supplies account for about 40 per cent of Italy’s gas imports. He called for more co-ordination on defence spending between EU member states, describing the current situation as “a profoundly inefficient distribution of resources”.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labour calls for windfall tax on energy companies | NewstalkThe Labour party has called for a windfall tax on energy companies to fund a universal pay increa... When SF proposed that it was dismissed as 'populism'. Unprofessional, disrespectful, dishonest, biased Irish media love Liebour because they're not SF! FG FM aka Newstalk had Ivana Backside on 🙄 Just repeating SF! She is just blowing her trumpet because in her eyes she still sees Labour as a relevant party, she should stop looking in the mirror and look through the window instead, washed up and heading for extinction
Source: NewstalkFM - 🏆 19. / 55 Read more »
Irish companies raise record $401 million in VC funding | Business PostIrish companies raised $401 million (€382 million) in venture capital investment across 25 deals in the January to March period, the highest value ever recorded in a first quarter.
Source: businessposthq - 🏆 8. / 71 Read more »