By Louis de Briant ( August 25, 2026, 15:57 GMT | Insight) -- Windfall profit taxes remain a matter for EU countries to decide using their national fiscal powers, the European Commission said after six countries called for an EU-wide framework to tax oil companies' exceptional profits. Austria, Germany, Italy, Portugal, Poland and Spain want the issue discussed by EU finance ministers in September and are advocating for any new framework to cover multinational oil companies' foreign profits.Levies on exceptional profits generated by companies when energy prices surge remain a matter for EU countries to decide, the European Commission said after six countries called for an EU-wide framework to tax oil companies' exceptional profits....
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