WindfallTax

Spain's Government Imposes New Windfall Tax on Major Banks

1 month ago

In a significant move to address soaring inflation and rising energy costs, the government of Spain has announced a substantial increase in the windfall tax applied to the country’s largest financial institutions. This decision reflects a broader trend in Europe where governments are seeking to tap into unexpected profits gained by major corporations during times of economic distress.

Spain Abandons Windfall Tax in Favor of Bank Levy Extension Until 2027

2 months ago

In a significant policy shift, the Spanish government has decided to shelve plans for a windfall tax on energy companies, opting instead to extend the existing tax levied on banks. This decision comes as the country navigates economic pressures and seeks to maintain fiscal stability amidst the ongoing global energy crisis.

Repsol Halts Green Hydrogen Initiatives Amid Spanish Windfall Tax Concerns

2 months ago

In a notable shift in strategy, energy giant Repsol has announced the suspension of its green hydrogen projects in Spain, citing the recent implementation of a windfall tax as a primary concern. This decision marks a significant pivot for the company, which had previously positioned itself as a key player in the transition toward renewable energy sources.