# Italy’s windfall tax on energy companies needs to be rewritten – PM
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2022-10-27
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: Italy to Rewrite Windfall Energy Tax Amid Surging Prices
Meta Description: Italy's PM urges changes to windfall tax on energy companies due to lower revenues, proposes national measures to separate gas price at European level.
URL: https://fintechherald.com/italys-windfall-tax-on-energy-companies-needs-to-be-rewritten-pm

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ROME (Reuters) – Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament on Wednesday.

The previous government led by Mario Draghi expected to fund part of its measures to soften the impact of the energy crisis on firms and families through a 25% windfall tax on energy groups, but revenues have proved much lower than expected.

Meloni also said her government was ready to work on national measures to separate gas price from those of other energy sources, provided rules could be agreed at the European level.

(Reporting by Angelo Amante, editing by Gavin Jones)


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