Excess profit tax should generate billions for Belgium, but experts warn: “Much less than politicians hope”

At the European summit, Prime Minister De Wever will argue for an excess profit tax for oil companies, now that their income is peaking due to the war in the Middle East. But while left-wing parties count on billions, experts warn that the previous Belgian attempt is on the verge of collapse. What is the sense and nonsense of such an excess profit tax? And how much can she realistically raise?

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