EU Windfall Tax Initiative: Five Nations Seek Energy Profit Levy (eco.sapo.pt)

• Joint letter signed by major EU economies (DE, IT, ES).
• Aims to capture 'extraordinary profits' generated by geopolitical price volatility.
• Strengthens EU-level fiscal coordination in the energy market.

"Finance ministers from Portugal, Germany, Spain, Italy, and Austria have submitted a joint proposal to Brussels for a permanent or semi-permanent windfall tax on energy sector profits. This move represents a strategic effort to reclaim fiscal control over critical infrastructure returns and fund energy independence initiatives, mirroring the temporary interventions of the 2022 energy crisis."