Super profit taxation, instructions for use

Super profit taxation, instructions for use

What are super profits?

Talking about the Anglo-Saxon world “Unexpected profits”literally “interests that fell from heaven”. “While the company did nothing in particular, neither technological innovation nor productivity gains, I was able to take advantage of an abnormal situation, in this case the conflict in Ukraine, along with the economic recovery, in the wake of the pandemic,” Quentin Barinello, Head of Tax Studies at Oxfam, explains.

This is why we also talk sometimes “War Beneficiaries” Or, more modestly, “unusual advantages”, Like Pedro Sanchez, the Spanish Prime Minister, or even ” unfair profits Says Emmanuel Macron. Karl Marx, the inventor of the term, raised a “Extraordinary enrichment, synonymous with overexploitation”.

What are the sectors involved?

If the President of the European Commission, Ursula von der Leyen, is limited to energy, whose operators have seen prices explode with the scarcity of Russian oil and gas, in other capitals, it is estimated that the Bank (with rising interest rates), shipping (container prices increased tenfold), Or it could also target grain producers (after blocking wheat exports from Ukraine) with an exceptional tax.

What are the most profitable companies?

The International Energy Agency has put the gains that major energy operators have estimated in 2022 at $200 billion.

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About the Author: Irene Alves

"Bacon ninja. Guru do álcool. Explorador orgulhoso. Ávido entusiasta da cultura pop."

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