The invasion of Ukraine by Russia in February 2022 and the ensuing war have brought hardship to the global economy, and to the economy of the European Union in particular. The upsurge in energy prices has dramatically increased firms’ input costs and households’ energy expenditures. For some companies, however, this conflict has come as an opportunity. Many energy firms have seen their profits and stock prices rise, earning rents from the increase in oil and gas prices.
In the context of the debates on windfall profits and the solidarity contribution introduced by the European Council on energy firms in September 2022, the EU Tax Observatory is organizing a conference on November 29th at Paris School of Economics. The conference will discuss the best way to tax companies that are benefitting from the current crisis and will notably present its latest note, proposing a novel way to tax windfall profits based on the increase in market capitalization of energy companies.
? November 29th, 2022 – 6pm – 7:30pm (CET, Paris)
? Paris School of Economics – Auditorium
? To attend the event via Zoom: register to the event and you will receive the login details
The event is co-funded by the European Union and the Research Council of Norway (GA No. 325720)