The European Commission again rejected the creation of a European tax on extraordinary profits of oil companies. This position comes despite the appeal from Portugal and five other member countries that had requested a common response at the European Union level to deal with the high profits in the energy sector.
The issue divides member states, with some countries pressing for coordinated European measures while the Commission maintains its position of not moving forward with this measure at the EU level.
Portugal was one of the countries that joined five other member states to call for a joint European response on this matter, arguing that extraordinary profits from oil companies should be subject to common taxation.
The European Commission's position contrasts with the requests of several governments, which argue that a European tax on extraordinary profits would be a fairer and more effective way to deal with the high revenues of the energy sector in the current context.
