Green
Austria Boosts Energy Windfall Tax as Profit Debate Lingers
- Levy to apply when earnings exceeds pre-crisis level by 10%
- Living costs, profits are in focus of Austria policy debate
Wind turbines in Steiermark, in the Styrian Alps, Austria.
Photographer: Lisi Niesner/Bloomberg
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Austria plans to adjust a windfall tax on oil and gas companies so that it kicks in at lower profit levels, part of efforts to contain public discontent over growing corporate earnings at a time of rising living costs.