windfall tax
Coverage of windfall tax in the Nexus archive.
- Ukraine's Banks Post Longest Credit Growth in 15 Years as Windfall Tax Threatens to Choke It Off
Ukraine's banks experienced their longest credit expansion in 15 years, but the NBU warned that Russian strikes reduced business efficiency and a planned 2027 windfall tax could harm bank profitability.
- Miliband eyes a top job in Team Burnham. Just don’t mention the North Sea.
Ed Miliband is a frontrunner to become chancellor in Andy Burnham's potential new UK government, with both leaders sharing a focus on addressing societal issues through interventionist policies. However, a potential conflict looms over Miliband's ban on North Sea oil and gas exploration versus Burnham's more open stance.
- Will EU bring in a windfall tax on oil companies?
Five EU countries, including Germany, are pushing for the European Union to implement a windfall tax targeting energy companies profiting from the ongoing price crisis. While such a tax is technically feasible, implementing it across the EU would be complex.
- Rachel Reeves to raise windfall tax on low-carbon electricity generators
Chancellor Rachel Reeves plans to increase the UK government's windfall tax on low-carbon electricity generators to curb rising household energy bills. The tax, introduced in 2022, targets excess profits from older renewable and nuclear plants amid soaring electricity prices following Russia's invasion of Ukraine.