JOURNAL ARTICLE

Portugal to Propose Energy Windfall Tax as War Raises Bills.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Almeida, Henrique 3 of 3

Abstract

The article focuses on Portugal's plan to propose a windfall tax on energy companies' profits to mitigate the impact of rising costs caused by the Iran war. Finance Minister Joaquim Miranda Sarmento indicated that the proposal will build on measures from the 2022 energy crisis and will be presented to parliament soon. Portugal, along with other European Union countries such as Germany and Spain, has called for coordinated action on this tax, though implementation decisions remain with individual member states. The article also notes market reactions, with shares of Portuguese energy companies Galp Energia SGPS SA and EDP SA declining following the announcement. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/05, pN.PAG
  • Document Type:Article
  • Subject Area:Military History and Science
  • Publication Date:2026
  • Accession Number:193501254
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