IMF Advised Against Windfall Taxes on Energy Firms (eco.sapo.pt)

• IMF opposes windfall energy taxes
• Concerns over investment stifling
• Emphasis on market predictability

"The International Monetary Fund (IMF) has officially cautioned against the implementation of windfall taxes on energy profits, citing potential harm to long-term investment cycles and high administrative complexity. Alfred Kammer, Director of the IMF's European Department, argued that such fiscal interventions, currently proposed in Portugal, create market uncertainty. The IMF suggests that governments should focus on stable fiscal frameworks to encourage capital allocation rather than punitive measures that may disrupt the energy sector's resilience and capacity for infrastructure expansion."