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Exxon Mobil’s Record Profits Spark Call for ‘Windfall’ Tax
Top executives at companies like ExxonMobil have condemned ‘windfall’ profit taxes as not only unlawful but counter-productive.
Top executives at companies like ExxonMobil have condemned ‘windfall’ profit taxes as not only unlawful but counter-productive.
According to the company, the tax on ‘excess profits,’ whatever boon it might be for the EU’s coffers in the short term, is ultimately “counterproductive,” since it would scare off prospective investors.
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