The government, for the time being, removes the tax on exceptional corporate profits

The government, for the time being, removes the tax on exceptional corporate profits

The tax on additional corporate profits was discussed “in AR as an answer to a question” and “at the moment there is no metric for this content, but we are assessing gaps in the possibilities,” the economy minister said on Monday. Du Mars, at a Cabinet briefing that detailed measures approved by the executive branch to combat the crisis caused by the conflict in Ukraine Avoid inflationary pressures.
The minister indicated that the hypothesis of imposing a tax on random and unexpected profits was set by the European Commission itself, among the measures that countries can apply, but he stressed that “it is very important to ensure corporate investments” and that “that is not all there is to it”, But only the fact that “in exceptional cases, exceptional measures are sometimes necessary”.
“We are x-raying the sectors and if there are unexpected and random profits, we will pay attention to this, because the state does not have unlimited resources” and “If such cases are identified, if, in the current situation, the company that made 20% profit has Earnings of 80%, which are cases above the normal level of profits, we can talk to these companies in a coordinated way”, concluded Antonio Costa Silva.
He added that “this has nothing to do with the drama,” noting that countries such as the United States or Spain impose taxes of this kind, but “we have this measure as a last resort, in case of necessity.”

In short, “what we have is a kind of reservoir to identify all solutions and use them when necessary,” and “at the moment there is no such tax, and we are considering all options,” he said.

.