The European Commission has tentatively rejected Germany's proposal to introduce an EU-wide tax on windfall profits of oil companies. Berlin is pushing this demand in response to a sharp increase in companies' profits, which, according to the German government, is linked to the war with Iran. aktuality.sk ↗
German Finance Minister Lars Klingbeil has long advocated for the creation of a special tax. Its aim would be to capture part of the windfall revenues of oil companies and respond to the situation caused by rising prices and the developments of the war. teraz.sk ↗
However, the Commission is currently not working on a proposal that would introduce such taxation at the level of the entire European Union. Its position means that a possible EU-wide tax is not yet part of the measures being prepared by European institutions.
The German initiative is thus running into differing positions between member states and the European Commission. In pushing the proposal, Berlin will need to seek support from other EU countries, with the further development of oil prices and the profits of energy companies also playing a decisive role.
It is not yet known whether Germany will prepare a revised proposal or will push for its adoption through negotiations with the Commission and other member states. At the same time, the European Commission will have to assess the possible economic and political consequences of any such taxation.
EC not yet planning an EU-wide tax for oil companies
On Record
👤
Lars Klingbeil
Nemecký minister financií
08.09.2026
„einzigartigem Zukunftsprogramm"
Označenie návrhu rozpočtu na rok 2027 počas rozpočtového týždňa v Bundestagu.
👤
Lars Klingbeil
Minister financií Nemecka
26.08.2026
„Das mache ich nicht"
Odmietnutie dane na nápoje typu light a zero
👤
Lars Klingbeil
Minister financií Nemecka
08.07.2026
„Wir schaffen das, woran die letzte Regierung gescheitert ist"
Obhajoba prípravy rozpočtu na rok 2027
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (2)
🔥 You might also like
German Politics
Klingbeil Rejects Weakening of Welfare State in Bundestag
German Finance Minister Lars Klingbeil presented a 2027 budget proposal in the Bundestag on Tuesday, defending planned new borrowing exceeding 200 billion euros …
European Union
What Europe Writes About: USA Attacked Iran for the Second Time in 48 Hours, Putin Blames Germany for Planting Evidence, Venezuela Allowed USA Access to a Fifth of Its Oil
A second wave of American strikes on Iran hit a wedding near Ahvaz according to Tehran. Iran retaliated with missiles at bases in three countries. Overview from …
German Politics
Merz Insists on Pension Reform, Pressure for Exceptions Mounting
German Chancellor Friedrich Merz continues to push for abolishing early retirement without benefit reduction after 45 years of contributions. The Union-SPD coal …
© HotInfo
Geographic locations
From our newsroom original
All →
Jaan Roose walks above Bratislava, attempting a world record
Belgium investigates where millions for Brussels security went. MP claims some funded a Disneyland trip
Tusk warns of Russian attacks on Ukraine's allies
Jordanian King Abdullah II meets with President Pavel in Prague
Nexperia turns to India after split with China. The dispute that threatened Slovak carmakers last year has moved to the courts
Judge rules out prison for Magna founder Frank Stronach. Sentence for 1977 indecent assault to be delivered in December
Operation Giezi: police detain ten people. TV Markíza reports fraud worth over €20 million
What Europe is writing about: Fed raises rates for the first time since 2023, Trump threatens the EU over Canada, Hague convicts Thaçi
