The Left in European Parliament Call for EU-Wide Levy on Windfall Profits of Largest and Most Profitable Companies

The Left in the European Parliament has issued a report calling for an EU-wide levy on the windfall profits of the largest and most profitable companies.

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EXECUTIVE SUMMARY: FOUR REASONS WHY THE EU NEEDS AN EXCESS PROFITS TAX

In 2022, during the energy crisis, the EU introduced a windfall profits tax on oil and gas companies, reviving a crisis measure used after the First and Second World Wars. The acute crisis is now over, but many others are looming, and it's time to draw lessons an…