Poland plans windfall tax on oil and gas company profits
Poland will propose a windfall tax on energy firms to fund fuel tax cuts. The 1.5 billion zloty monthly cost will be met by taxing excess oil and gas profits.
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Xurve View
Poland will propose a windfall tax on oil and gas profits next week to offset 1.5 billion Polish zloty ($352.72 million) in monthly fuel tax cuts. The measure targets profits from oil, oil products, and potentially natural gas due to the Iran war. Investors should monitor the impact on major European energy producers as Warsaw seeks to stabilize its national budget.
