# Italy’s windfall tax on energy companies needs to be rewritten – PM
Published: 2022-10-27
Category: Headlines
Category URL: https://bizdispatch.com/category/headlines/
Meta Title: Italy's PM calls for rewriting windfall tax on energy companies
Meta Description: Italy's Prime Minister, Giorgia Meloni, urges rewriting of windfall tax due to lower revenues. Government ready to address gas prices at European level.
URL: https://bizdispatch.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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