Portugal’s socialists back EU tax on excessive energy profits

(EurActiv, 13 Sep 2022) More taxes to address excessive energy profits are crucial but need to be agreed upon at EU level, Eurico Brilhante Dias, the parliamentary leader of the Portuguese Socialist Party, said.

This statement on the possible taxation of extraordinary profits of companies was made by Eurico Brilhante Dias, after visiting two companies in the district of Leiria.

“We have not eliminated any solution,” said the chairman of the PS Parliamentary Group, who added that the government had already taken measures in the area of energy to try to eliminate abusive profits.

In his statements to journalists, Brilhante Dias noted that the government has said it “will look at the application by other countries to analyse their effectiveness” and noted that Italy, one of the first to move forward, “has already reviewed its mechanism for combating abusive profits”.

The leader of the Socialist group stressed that “there is no social justice without fiscal justice”.

“But we cannot penalise only the Portuguese. We have to do this in a balanced way, not eliminating from the outset any solution, either in the fiscal dimension or in the dimension of direct intervention in the markets”, he stressed.

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EurActiv, 13 Sep 2022: Portugal’s socialists back EU tax on excessive energy profits