Portugal plans new windfall tax on energy companies

6 articles · Updated · Bloomberg · May 5

Finance Minister Joaquim Miranda Sarmento said in Brussels the proposal would be presented to parliament soon and was based on measures used during the 2022 fuel price crisis.
The government aims to refine and strengthen earlier steps targeting excess profits made by energy firms.
No tax rate, timing or affected companies were specified, but the move signals renewed intervention in Portugal's energy sector.

Can Portugal tax energy giants for war profits without sacrificing its own green energy future?

With global oil markets in chaos, can one nation's tax truly shield its citizens from soaring prices?