Prime Minister Anthony Albanese has asked Australia’s Treasury to look into imposing a windfall tax on the country’s vast liquefied natural gas industry, to capitalize on soaring prices of the fuel.
With oil prices continuing to rise, the Sen. Sheldon Whitehouse (D-R.I.) and Rep. Ro Khanna (D-Calif.) have proposed taxing big oil’s windfall profits from the Iran war-fueled crisis. “Trump’s war of ...
On Tuesday, Oracle Corporation said its rapidly expanding AI data center business is already profitable, though heavy ...
Higher energy prices might vex the economy, but they provide a financial boost for some states, helping to close budget ...
Germany is set to pass legislation to put the brakes on rapidly rising gas prices. Berlin says a tax on petroleum profiteers is under consideration, but adds that it's too early for any drastic action ...
A sharp rise in global oil prices following the US-Israeli war on Iran has intensified pressure on American households while simultaneously driving a surge in profits for major fossil fuel companies, ...
Indonesia considers a coal windfall tax and spending cuts to keep its budget deficit below the 3% of GDP legal limit.
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