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”.
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