{"id":1165804,"date":"2026-08-24T01:31:19","date_gmt":"2026-08-24T01:31:19","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/1165804\/"},"modified":"2026-08-24T01:31:19","modified_gmt":"2026-08-24T01:31:19","slug":"six-european-countries-urge-eu-to-tax-oil-windfall-profits","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/1165804\/","title":{"rendered":"Six European Countries Urge EU to Tax Oil Windfall Profits"},"content":{"rendered":"<p>        <a href=\"https:\/\/www.islamtimes.com\/en\/news\/1301023\/six-european-countries-urge-eu-to-tax-oil-windfall-profits\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/08\/n01301023-b.jpg\" alt=\"Six European Countries Urge EU to Tax Oil Windfall Profits\" title=\"Six European Countries Urge EU to Tax Oil Windfall Profits\" class=\"img-responsive\"\/><\/a><\/p>\n<p>            Islam Times &#8211; Six European countries are pressing the European Union to impose a windfall tax on oil companies whose profits have surged since the US and Israeli regime launched imposed war on Iran.Germany, Italy, Austria, Poland, Portugal and Spain are urging the EU to discuss the measure at a meeting of finance ministers in Dublin next month, according to a draft letter seen by AFP.<\/p>\n<p>The letter states that \u201cOil companies are enjoying overall profitability and margins on refined products that exceed the rise in crude oil prices\u201d.<\/p>\n<p>\u201cWe are experiencing one of the biggest supply shocks in decades and all over the world there is growing discontent about the rise in the cost of living,\u201d it adds.<\/p>\n<p>The finance ministers of Germany, Italy, Austria, Poland and Portugal, along with Spain\u2019s economy minister, sent the joint letter to Ireland\u2019s finance minister, whose country holds the rotating EU presidency.<\/p>\n<p>The ministers urged the EU to add a levy on oil companies to the agenda of next month\u2019s meeting of EU finance chiefs in Dublin.<\/p>\n<p>The countries called for discussions on an EU-wide framework to tax windfall profits.<\/p>\n<p>A windfall tax is imposed on companies or sectors that record unusually large profits, often during wars or other unforeseen circumstances.<\/p>\n<p>Energy giants have reported massive earnings since the US and Israeli regime launched an illegal war against Iran in February, severely disrupting shipping through the vital Strait of Hormuz transit route.<\/p>\n<p>Despite the pressure from the six countries, the EU has not indicated plans to introduce a new levy on oil companies.&#13;\n  <\/p>\n","protected":false},"excerpt":{"rendered":"Islam Times &#8211; Six European countries are pressing the European Union to impose a windfall tax on oil&hellip;\n","protected":false},"author":2,"featured_media":1165805,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5174],"tags":[14040,5176,7758,2437,33482,2000,299,5187,7766,110534,73064,774,41,60948,47147,2661,254,316478,75545,132958,89021,28222,316480,1200,5598,15822,6093,7922,316477,978,771,316479,220666],"class_list":["post-1165804","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eu","tag-a","tag-and","tag-are","tag-companies","tag-countries","tag-eu","tag-europe","tag-european","tag-have","tag-impose","tag-imposed","tag-iran","tag-islam","tag-israeli","tag-launched","tag-oil","tag-on","tag-pressing","tag-profits","tag-regime","tag-since","tag-six","tag-surged","tag-tax","tag-the","tag-times","tag-to","tag-union","tag-urge","tag-us","tag-war","tag-whose","tag-windfall"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/117147907527003411","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1165804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=1165804"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1165804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/1165805"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=1165804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=1165804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=1165804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}