How do we resolve the Brexit mess?

[HelloCity]

EU targets €140bn from windfall taxes on energy companies​

EU targets €140bn from windfall taxes on energy companies

European Commission president Ursula von der Leyen outlines measures to ease impact of soaring prices

www.ft.com

Sections

The EU is planning to raise €140bn from energy companies' profits to soften the blow of record-high prices this winter in what would amount to a new bloc-wide levy in response to the crisis over Ukraine. A proposed windfall tax on power companies that do not burn gas, the price of which has recently soared, would be accompanied by other measures on fossil fuel groups.

"In these times it is wrong to receive extraordinary record profits benefiting from war and on the back of consumers," said European Commission president Ursula von der Leyen as she outlined the proposals to funnel windfall profits back to households and businesses. "Profits must be shared and channelled to those who need it the most . . . Our proposal will raise more than €140bn for member states to cushion the blow directly," she added in a State of the Union address in Strasbourg on Wednesday.

The commission proposal would set a mandatory threshold for prices charged by companies that produce low-cost, non-gas energy, such as nuclear and renewables groups. Companies would have to give EU states the "excess profits" generated beyond this level, which the commission seeks to set at €180/MWh. But member states would be free to put in place lower thresholds of their own.

Energy commissioner Kadri Simson said the commission's level would cover the operating costs of lignite, a type of coal that is the most expensive non-gas fuel. The proposals will have to be approved by member states, which are at odds over the issue and will meet to discuss it on September 30. But in the wake of Russia's invasion of Ukraine and growing fears of energy shortages this winter, many governments are under pressure to act amid concerns Moscow will cut off any remaining gas supplies to the EU.

Von der Leyen said the EU also sought a "crisis contribution" — a separate levy — from "major oil, gas and coal companies [that] are also making huge profits". This would make up part of the €140bn Brussels wants member states to raise. But she noted that such payments and the windfall tax would be "all emergency and temporary measures" and that the bloc needed to cut electricity demand, lower gas prices and ensure security of supply over the longer term.

 

[Saddleworth2]

EU targets €140bn from windfall taxes on energy companies​

EU targets €140bn from windfall taxes on energy companies

European Commission president Ursula von der Leyen outlines measures to ease impact of soaring prices

www.ft.com

Sections

The EU is planning to raise €140bn from energy companies' profits to soften the blow of record-high prices this winter in what would amount to a new bloc-wide levy in response to the crisis over Ukraine. A proposed windfall tax on power companies that do not burn gas, the price of which has recently soared, would be accompanied by other measures on fossil fuel groups.

"In these times it is wrong to receive extraordinary record profits benefiting from war and on the back of consumers," said European Commission president Ursula von der Leyen as she outlined the proposals to funnel windfall profits back to households and businesses. "Profits must be shared and channelled to those who need it the most . . . Our proposal will raise more than €140bn for member states to cushion the blow directly," she added in a State of the Union address in Strasbourg on Wednesday.

The commission proposal would set a mandatory threshold for prices charged by companies that produce low-cost, non-gas energy, such as nuclear and renewables groups. Companies would have to give EU states the "excess profits" generated beyond this level, which the commission seeks to set at €180/MWh. But member states would be free to put in place lower thresholds of their own.

Energy commissioner Kadri Simson said the commission's level would cover the operating costs of lignite, a type of coal that is the most expensive non-gas fuel. The proposals will have to be approved by member states, which are at odds over the issue and will meet to discuss it on September 30. But in the wake of Russia's invasion of Ukraine and growing fears of energy shortages this winter, many governments are under pressure to act amid concerns Moscow will cut off any remaining gas supplies to the EU.

Von der Leyen said the EU also sought a "crisis contribution" — a separate levy — from "major oil, gas and coal companies [that] are also making huge profits". This would make up part of the €140bn Brussels wants member states to raise. But she noted that such payments and the windfall tax would be "all emergency and temporary measures" and that the bloc needed to cut electricity demand, lower gas prices and ensure security of supply over the longer term.

But, but, it will discourage investment in the EU and force the energy companies to the wall!
Is the woman mad?

 

[Ifwecouldjust.......]

EU targets €140bn from windfall taxes on energy companies​

EU targets €140bn from windfall taxes on energy companies

European Commission president Ursula von der Leyen outlines measures to ease impact of soaring prices

www.ft.com

Sections

The EU is planning to raise €140bn from energy companies' profits to soften the blow of record-high prices this winter in what would amount to a new bloc-wide levy in response to the crisis over Ukraine. A proposed windfall tax on power companies that do not burn gas, the price of which has recently soared, would be accompanied by other measures on fossil fuel groups.

"In these times it is wrong to receive extraordinary record profits benefiting from war and on the back of consumers," said European Commission president Ursula von der Leyen as she outlined the proposals to funnel windfall profits back to households and businesses. "Profits must be shared and channelled to those who need it the most . . . Our proposal will raise more than €140bn for member states to cushion the blow directly," she added in a State of the Union address in Strasbourg on Wednesday.

The commission proposal would set a mandatory threshold for prices charged by companies that produce low-cost, non-gas energy, such as nuclear and renewables groups. Companies would have to give EU states the "excess profits" generated beyond this level, which the commission seeks to set at €180/MWh. But member states would be free to put in place lower thresholds of their own.

Energy commissioner Kadri Simson said the commission's level would cover the operating costs of lignite, a type of coal that is the most expensive non-gas fuel. The proposals will have to be approved by member states, which are at odds over the issue and will meet to discuss it on September 30. But in the wake of Russia's invasion of Ukraine and growing fears of energy shortages this winter, many governments are under pressure to act amid concerns Moscow will cut off any remaining gas supplies to the EU.

Von der Leyen said the EU also sought a "crisis contribution" — a separate levy — from "major oil, gas and coal companies [that] are also making huge profits". This would make up part of the €140bn Brussels wants member states to raise. But she noted that such payments and the windfall tax would be "all emergency and temporary measures" and that the bloc needed to cut electricity demand, lower gas prices and ensure security of supply over the longer term.

Probably not for this thread ..... but Shell and BP have paid zero £ in corporation tax for the last three years.

 

[aguero93:20]

Well done, idiots.

Insult to sledgehammers tbh

 

[Mr Kobayashi]

Probably not for this thread ..... but Shell and BP have paid zero £ in corporation tax for the last three years.

Makes serious windfall taxes a big lever towards increasing investment in green energy and sustainable alternative systems.

Reinvest the excess profits back into the business and there will be no need to pay any windfall taxes.

 

[Vic]

EU targets €140bn from windfall taxes on energy companies​

EU targets €140bn from windfall taxes on energy companies

European Commission president Ursula von der Leyen outlines measures to ease impact of soaring prices

www.ft.com

Sections

The EU is planning to raise €140bn from energy companies' profits to soften the blow of record-high prices this winter in what would amount to a new bloc-wide levy in response to the crisis over Ukraine. A proposed windfall tax on power companies that do not burn gas, the price of which has recently soared, would be accompanied by other measures on fossil fuel groups.

"In these times it is wrong to receive extraordinary record profits benefiting from war and on the back of consumers," said European Commission president Ursula von der Leyen as she outlined the proposals to funnel windfall profits back to households and businesses. "Profits must be shared and channelled to those who need it the most . . . Our proposal will raise more than €140bn for member states to cushion the blow directly," she added in a State of the Union address in Strasbourg on Wednesday.

The commission proposal would set a mandatory threshold for prices charged by companies that produce low-cost, non-gas energy, such as nuclear and renewables groups. Companies would have to give EU states the "excess profits" generated beyond this level, which the commission seeks to set at €180/MWh. But member states would be free to put in place lower thresholds of their own.

Energy commissioner Kadri Simson said the commission's level would cover the operating costs of lignite, a type of coal that is the most expensive non-gas fuel. The proposals will have to be approved by member states, which are at odds over the issue and will meet to discuss it on September 30. But in the wake of Russia's invasion of Ukraine and growing fears of energy shortages this winter, many governments are under pressure to act amid concerns Moscow will cut off any remaining gas supplies to the EU.

Von der Leyen said the EU also sought a "crisis contribution" — a separate levy — from "major oil, gas and coal companies [that] are also making huge profits". This would make up part of the €140bn Brussels wants member states to raise. But she noted that such payments and the windfall tax would be "all emergency and temporary measures" and that the bloc needed to cut electricity demand, lower gas prices and ensure security of supply over the longer term.

There's your Brexit benefit (for the EU). They won't have the UK trying to protect the excess profits.

 

[gordondaviesmoustache]

all these arse wipes should be asked this time and time again in every interview and the interviewer should refuse to move on without explaining what they meant

Cunts.

 

[The Future’s Blue!]

EU targets €140bn from windfall taxes on energy companies​

EU targets €140bn from windfall taxes on energy companies

European Commission president Ursula von der Leyen outlines measures to ease impact of soaring prices

www.ft.com

Sections

The EU is planning to raise €140bn from energy companies' profits to soften the blow of record-high prices this winter in what would amount to a new bloc-wide levy in response to the crisis over Ukraine. A proposed windfall tax on power companies that do not burn gas, the price of which has recently soared, would be accompanied by other measures on fossil fuel groups.

"In these times it is wrong to receive extraordinary record profits benefiting from war and on the back of consumers," said European Commission president Ursula von der Leyen as she outlined the proposals to funnel windfall profits back to households and businesses. "Profits must be shared and channelled to those who need it the most . . . Our proposal will raise more than €140bn for member states to cushion the blow directly," she added in a State of the Union address in Strasbourg on Wednesday.

The commission proposal would set a mandatory threshold for prices charged by companies that produce low-cost, non-gas energy, such as nuclear and renewables groups. Companies would have to give EU states the "excess profits" generated beyond this level, which the commission seeks to set at €180/MWh. But member states would be free to put in place lower thresholds of their own.

Energy commissioner Kadri Simson said the commission's level would cover the operating costs of lignite, a type of coal that is the most expensive non-gas fuel. The proposals will have to be approved by member states, which are at odds over the issue and will meet to discuss it on September 30. But in the wake of Russia's invasion of Ukraine and growing fears of energy shortages this winter, many governments are under pressure to act amid concerns Moscow will cut off any remaining gas supplies to the EU.

Von der Leyen said the EU also sought a "crisis contribution" — a separate levy — from "major oil, gas and coal companies [that] are also making huge profits". This would make up part of the €140bn Brussels wants member states to raise. But she noted that such payments and the windfall tax would be "all emergency and temporary measures" and that the bloc needed to cut electricity demand, lower gas prices and ensure security of supply over the longer term.

Even the EU are nicking Starmer’s policies.

 

[dave_blue12]

Probably not for this thread ..... but Shell and BP have paid zero £ in corporation tax for the last three years.

I think it’s very much for this thread as it illustrates the ‘sovereignty’ that the architects of Brexit had in mind. Freedom to screw the people of the UK without interference.

 

[Ifwecouldjust.......]

Whoops....

Brexit onslaught deepens as a third of all UK exporters to EU vanish due to red tape knockout - City AM

The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020.

www.cityam.com

The words ''I told you so'' spring to mind.