And the Minister of Finance underestimated the impact of the tax on the extraordinary profits of oil companies, considering that if the measure was implemented as it did initially in Italy, it would bring revenue of only one million euros.
In Parliament, in the debate on the proposed state budget (OE) for 2022, Left Bloc MP Mariana Murtagua defended the imposition of a tax on Exceptional and unexpected profits for companies experiencing inflation, such as oil companies, as has already happened in other countries, such as Italy.
In answer, Fernando Medina confirmed his doubts. He replied: “We have to study the models carefully to be effective with the actions we take. Choosing the Italian case as a good practice raises serious doubts for me.” According to the minister, Italian companies managed to escape from the tax department, which is supposed to earn only Italian coffers about 10 million euros.
Comparing the Italian energy sector with that of Portugal, Fernando Medina admitted that a similar measure would bring only one million euros to the state treasury.
Then, Mariana Mortagua noted that although Italy started with a rate of 10%, it ended up raising the tax to 25%. But in addition to Italy, Belgium, Romania and Bulgaria also have rates of this type. The United Kingdom and Spain are discussing the matter. The MP from the bloc indicated that both the International Monetary Fund and the Organization for Economic Cooperation and Development recommend these taxes.
He criticized, “It cannot take action that is taken seriously by international organizations and governments because they do not have the political will to do so. If they do not want to be taxed, they do not.”
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