Oxfam Media Brief: the case for windfall taxes

Publication date: 9 September 2022
Author: Oxfam

European energy ministers meet tomorrow to discuss emergency measures to tackle skyrocketing energy prices. This follows the European Commission’s announcement on Wednesday which includes a proposal for windfall taxes.

Across Europe and the world, people are facing rising energy bills and inflation driven by the Ukraine war and the aftermath of the pandemic. Meanwhile, big business in every sector, not just energy, are raking in extremely high and excessive profits.