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Czechs slap $3.5 billion windfall tax on energy firms, banks
Nov. 7, 2022
Source: World Oil

Czechs slap $3.5 billion windfall tax on energy firms, banks

Lawmakers on Friday approved Finance Minister Zbynek Stanjura’s proposal to slap a 60% “tax surcharge” on the main energy companies and banks. The levy will be in place for the next three years and target extraordinary profits caused by surging energy prices and high interest rates.

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