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Abstract:MILAN (Reuters) – Italys new windfall tax is disproportionate and should be revised, Edison CEO said on Thursday, adding the energy group does not exclude legal action against it.
div classBodysc17zpet90 cdBBJodivpMILAN Reuters – Italys new windfall tax is disproportionate and should be revised, Edison CEO said on Thursday, adding the energy group does not exclude legal action against it.p
p“Its a tax on revenues, not profits. I am not excluding anything to protect the interests of the company against what I believe is disproportionate for us, compared to other, larger operators,” CEO Nicola Monti said. pdivdivdiv classBodysc17zpet90 cdBBJodiv
pRome approved a 10 levy on energy companies in March and this week announced it would raise it to 25 to help fund a package to shield firms and families from surging energy costs as the war in Ukraine escalates.p
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pp Reporting by Giancarlo Navach editing by Francesca Landinip
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