‘Significant consequences’ if windfall tax on energy companies applied in next month’s Budget


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..

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