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Spain to Review Windfall Tax

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The Spanish government will review the revenue wind fall tax for energy companies, according to the Spanish Environmental Transition ministry, cited by Bloomberg.

  • In March, the environmental minister, Teresa Ribera, announced plans to replace the tax with a new scheme, giving companies the option to invest or pay the tax.
  • The statements also come after media reports earlier in the day that the government is considering scrapping the tax.
  • The tax will impact firms such as Iberdrola, Endesa, Naturgy and Repsol.
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The Spanish government will review the revenue wind fall tax for energy companies, according to the Spanish Environmental Transition ministry, cited by Bloomberg.

  • In March, the environmental minister, Teresa Ribera, announced plans to replace the tax with a new scheme, giving companies the option to invest or pay the tax.
  • The statements also come after media reports earlier in the day that the government is considering scrapping the tax.
  • The tax will impact firms such as Iberdrola, Endesa, Naturgy and Repsol.