# Italy’s windfall tax on energy companies needs to be rewritten – PM
Author:  Pal Sinha,Barnali
Author URL: https://economystandard.com/author/pal-sinha-barnali/
Published: 2022-10-27
Category: Headlines
Category URL: https://economystandard.com/category/headlines/
Meta Title: Italy's Prime Minister calls for overhaul of windfal...
Meta Description: Italy's Prime Minister Giorgia Meloni calls for a revision of the windfall tax on energy firms amid lower-than-expected revenues and plans for separatin...
URL: https://economystandard.com/italys-windfall-tax-on-energy-companies-needs-to-be-rewritten-pm/

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ROME (Reuters) – Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament on Wednesday.

The previous government led by Mario Draghi expected to fund part of its measures to soften the impact of the energy crisis on firms and families through a 25% windfall tax on energy groups, but revenues have proved much lower than expected.

Meloni also said her government was ready to work on national measures to separate gas price from those of other energy sources, provided rules could be agreed at the European level.

(Reporting by Angelo Amante, editing by Gavin Jones)


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