The Finance Minister says there could be ‘significant consequences’ if a windfall tax on energy companies was to be applied in next month’s Budget.
While Paschal Donohoe hasn’t categorically ruled out introducing such a tax, he’s outlined reasons why it could be counter-productive to do so.
Revelations of increasing revenues for companies supplying wind energy has led to further calls to introduce a levy on profits.
However Minister Paschal Donohoe says there are considerations to weigh up before making that decision..
