Germany Among States Pushing EU to Tax Energy Windfall Profits

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By Yi Wei Wong and Iain Rogers

April 4, 2026 at 7:49 AM UTC

Updated on

April 4, 2026 at 11:07 AM UTC

Five European Union members urged the bloc to tax windfall profits energy companies are reaping as a result of the US-Israeli war on Iran.

The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call in an April 3 letter seen by Bloomberg to Wopke Hoekstra, the EU’s climate commissioner.