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Poland Moves To Tax Fuel Windfalls Earned During Iran War

Poland Moves To Tax Fuel Windfalls Earned During Iran War Authored by Michael Kern via OilPrice.com, Poland's government has approved a one-off windfall tax on fuel companies that benefited from soaring energy prices during the U.S.-Iran-Israel war, seeking to recover part of the billions spent protecting consumers from higher fuel costs. The proposed levy would impose a 60% tax on excess profits generated between March and December 2026, during the closure of the Strait of Hormuz. The Polish Finance Ministry estimates the measure will raise around 4 billion zloty $1.1 billion. Under the...
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From Gaza To BRICS: The Revolt Against The Dollar Order
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