France signals possible windfall tax on TotalEnergies amid oil price surge
France's government is considering a windfall tax on TotalEnergies due to rising oil prices amid the Middle East conflict. Budget Minister David Amiel stated that while no final decision has been made, exceptional taxes could be imposed to redistribute excess profits. The government currently prefers capping fuel prices at gas stations. Discussions on how to benefit from TotalEnergies' profits are ongoing, with estimates suggesting a potential €2 billion revenue from such a tax.
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