Taoiseach confirms plans to tax energy producers making profits 'they would never have dreamt of' | JOE.ie

The Taoiseach did not commit to a final figure that will be dedicated to cost-of-living measures in Budget 2023, saying there will be Government meetings this week on the matter.

He was then asked if there are plans to tax wind generators"making huge profits on the back of the rising electricity prices" to help pay for the cost-of-living budget package.

He also said that, in the short term, the Government's surplus would give it the"firepower" required this winter to deal with the cost-of-living crisis in so far as it can. "But the idea of preventing windfall profits on the back of this crisis is a good one," Martin then added."We have to be fair with people on that and the exchequer, legitimately on behalf of the people, should be in a position to take back some of that."

Good move. These immoral price gouging energy companies are basically engaging in racketeering

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Taoiseach confirms plans to tax energy producers making profits 'they would never have dreamt of' | JOE.iePlans are reportedly in place to tackle the companies making money from the cost of living crisis The energy producers are foreign. He can’t tax entities abroad. What nonsense. And they just pass he taxes onto us anyway . There are as of yet NO plans from our government. They are waiting on the EU to devise a windfall tax before or even if they do anything domestically. Despite 5 years of energy crisis warnings our government continually fails to act. energybills CostOfLivingCrises 😁🤣😂 I'll believe it when I see it
Source: JOEdotie - 🏆 31. / 51 Read more »