Czech Senate backs windfall tax, opens way to energy price caps for big firms
24/11/2022 15:10
PRAGUE, Nov 24 (Reuters) - The Czech upper house of
parliament approved a windfall tax for energy firms and banks,
backing a measure aimed at raising state revenue to pay for aid
to households and firms hit by soaring electricity prices, the
CTK news agency reported on Thursday.
Senators included an amendment in the bill that would allow
the government to cap energy prices for large firms. The cabinet
has sought a cap for larger firms but is waiting for more
agreements at the European Union level before implementing it.
The legislation must still get the president's signature
before becoming law.
(Reporting by Robert Muller, writing by Jason Hovet; Editing by
Jon Boyle)
((jason.hovet@thomsonreuters.com;))