Six EU Countries Want to Tax Extra Profits from Oil Companies

Governments are pushing for a new tax on energy giants to help pay for high fuel prices and costs.

Six countries in Europe want to have a serious talk about money. They are calling for a meeting in September to discuss taxing oil companies. These governments want to go after what they call "windfall profits." That is a fancy way of saying extra money that companies made unexpectedly. Because of the war and other global issues, oil companies have seen their earnings climb very high lately. Italy is part of this push. Even a close ally of the Italian leader, Giorgia Meloni, has said that the government should introduce a tax on these extra earnings right away. They believe this money coul…