"Special tax" and "tax yoyo" on oil companies' extraordinary profits is "unsustainable"Photo by Polina ⠀ on Pexels
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"Special tax" and "tax yoyo" on oil companies' extraordinary profits is "unsustainable"

CNN Portugal29 August 2026 at 19:02

Nuno Ribeiro da Silva, energy specialist, analyzes the proposal for the creation of a levy on the extraordinary profits of energy sector companies. The article addresses the concept of a "special tax" applied to the surplus profits of oil companies. The designation "tax yoyo" is used to describe the instability or variability of this proposed fiscal measure. The specialist considers this approach to the extraordinary profits of energy companies to be "unsustainable".

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