05-April-2026
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Israel, Iran war: Five EU finance ministers call for windfall profit tax on energy companies
04-Apr-2026

European Union finance ministers are calling for a tax on windfall profits of energy companies in reaction to rising fuel prices due to the Iran war, according to a letter from the ministers to the EU Commission seen by Reuters on Saturday. The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call in a letter dated Friday, saying such a measure would be a signal that "we stand united and are able to take action".

News Source:- https://economictimes.indiatimes.com/news/international/business/israel-iran-war-five-eu-finance-ministers-call-for-windfall-profit-tax-on-energy-companies/articleshow/130015203.cms