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ExxonMobil seeks to block EU tax on windfall energy profits

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US energy giant ExxonMobil filed suit against the European Union seeking to block its temporary tax on oil firms’ windfall profits, a company spokesperson said. | AFP

Nonetheless, ExxonMobil’s German and Dutch subsidiaries on Wednesday filed a challenge to the new measure at the EU’s Luxembourg-based General Court.

“Our challenge is targeted only at the counter-productive windfall profits tax, and not any other elements of the package to reduce energy prices,” he added.

 

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