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Another Country Burdens Oil And Gas Companies With Windfall Taxes ...Middle East
The Czech Republic is the latest country to levy windfall taxes on energy companies to scrape together funds to continue subsidizing high energy costs, Bloomberg reported on Friday. Czech lawmakers approved Finance Minister Zbynek Stanjura’s proposal for a 60% windfall tax on the country’s main energy companies. The windfall tax, which government leaders have referred to as a “surcharge” is set to span the next three years, and looks to strip oil and gas from a healthy portion of its extraordinary profits thanks to recent…
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