Shell costs $2 billion in excess profit tax

Shell costs  billion in excess profit tax

The impact of the levy levied in EU countries and Great Britain on group earnings in the fourth quarter “is expected to be around two billion dollars (1.9 billion euros)”, Shell said on Friday. More details would follow in February. Energy prices had risen sharply around the world in the wake of the Russian attack on Ukraine. Many energy companies benefited massively from this. The governments then introduced special levies on additional profits due to the price increases, among other things to finance relief packages for the citizens.

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Shell costs  billion in excess profit tax
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AK and ÖGB present a model for the taxation of excess profits

VIENNA. The Chamber of Labor (AK) and the Federation of Trade Unions (ÖGB) have presented a model for taxing excess profits in the energy sector.

AK and ÖGB present a model for the taxation of excess profits

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