De Wever advocates European excess profit tax, but collecting billions from oil companies: it is not that simple

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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