Poland Revives Oil Windfall Tax for Relief
Poland plans to impose a sixty percent windfall tax on oil company excess profits to fund fuel price relief. Prime Minister Donald Tusk urged the president to approve the measure.
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Poland will levy a 60% windfall tax on oil excess profits, raising 4 billion zlotys ($1.06B) annually to fund fuel price relief. Prime Minister Donald Tusk announced the resurrected bill during a Tuesday morning cabinet meeting. The legislation aims to ease transport costs and inflationary pressure following global energy shocks.
