Faced with the explosion of energy prices, the countries of the European Union have reached an agreement to “the creation of a temporary solidarity contribution applicable to companies in the oil, coal, refining and gas sectors”.
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On Friday, October 7, the government tabled an amendment to the 2023 finance bill aimed at introducing an exceptional contribution to the excess profits of the oil industries, franceinfo noted. This contribution, up to 33%, would affect companies whose results exceed the average of the last four years by 20%.
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On Friday, the European Union decided that the 27 will have to tax oil companies on their European hydrocarbon production and refining activities. A minimum rate of 33% will apply to profits deemed excessive in 2022.”This amendment aims to adopt the necessary domestic law measures to implement this temporary solidarity contribution.specifies the drafter of this amendment.