The levy has a rate equal to 50% of the part of 2022 corporate income which is at least 10% higher than the average income reported between 2018 and 2021. It has a ceiling equal to 25% of the value of net assets at the end of 2021.
The scheme is different from the way it was outlined by the Treasury on Tuesday. That version envisaged a 35% tax running from January until July 2023 and calculated on energy companies' profits, rather than income as in the latest draft. Rome expects to raise around 2.565 billion euros from the tax, which follows a framework proposed by the
Well, they can pay it right back when the energy companies are about to go bankrupt & take the country with it in the NEXT global financial market meltdown. Collect when you can. Pay when you are forced to. Why dont they just cap profits 30% of revenue & pull the rest as tax ?
What could possibly go wrong…
Here it comes. All too predictable.
just another tax on the people, on the working class and poor ... one they didn't agree to or ask for. The takers just take, and will continue to take until we say no more.