Windfall tax on electricity companies set for sign off

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The Cabinet is expected to sign off on a windfall tax to cap the profits of electricity companies tomorrow

There will also be a solidarity contribution for companies active in fossil fuel production.It has been estimated that the move could generate between €1bn and €2bn for the exchequer.

 

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So gov appointed regulator can set electricity prices. But the gov decides to tax electricity companies more. People lose. Gov wins AGAIN. They’re ripping us off.

Now ?!!!!! Foook off FFFGs !!! Yous must be joking ! Please, Irish examiner you far left fascist rag, do journalism and tell us howm much FFFG investors made money on price hikes on electricity ?! Do it now !

Cue the redundancies.....

So they give me 600 & go after the people that I give it to so really they just taking there money back yet I’m paying through the roof for gas & electricity you couldn’t make it up 🤷‍♂️🤷‍♂️🤷‍♂️

Wont make a difference lol

€1 billion - €2 billion. Fantastic. Distribute wisely.

Stable door job

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Cabinet expected to sign off on windfall tax on electricity companiesA memo will be brought to Cabinet tomorrow seeking to introduce a cap on market revenue on non-gas electricity generators. A memo. What good will that do the ripped off and cash strapped people who have over paid on this. It won't go to them Its bullshit the tax will just be passed on to the customer.
Source: thejournal_ie - 🏆 32. / 50 Read more »

Cabinet expected to sign off on windfall tax on electricity companiesA memo will be brought to Cabinet tomorrow seeking to introduce a cap on market revenue on non-gas electricity generators. A memo. What good will that do the ripped off and cash strapped people who have over paid on this. It won't go to them Its bullshit the tax will just be passed on to the customer.
Source: thejournal_ie - 🏆 32. / 50 Read more »