Windfall tax on energy ‘super-profits’ could generate hundreds of millions, Taoiseach says

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Windfall tax on energy ‘super-profits’ could generate hundreds of millions to help families, Taoiseach says

“It will allow us to generate a couple of hundred million euros in additional taxation, which we can then use and ringfence to help families with the very high cost of energy at the moment,” he added.Separately, Mr Varadkar was asked for his response to new figures published about data centres and how they used as much electricity in Ireland last year as urban households.

Mr Varadkar said the Government has published a policy statement on data centres and that there are already restrictions on building new ones in places.The first, he said, is that more than 100,000 people work in tech industries in Ireland, their jobs are dependent on data centres and the companies involved contribute tens of billions in taxes. As a result, he said, data centres are “an important part of our economic infrastructure.

Asked about the meeting, Mr Varadkar said: “One of the things that they very much said to me was that their experience was that they’ve already gone through various complaints procedures that were private and behind closed doors, and that’s why they felt the need to go public in the way that they did and that’s why they want a public inquiry.”

 

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New cash boost as Government's windfall tax promises help with energy billsThis would be a boost for households because the windfall tax on all energy firms, renewable and fossil, is set to deliver between €280million and €600million to the Exchequer.
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