Kupka: Extraordinary tax on power producers could generate CZK 100 billion

The Czech government plans to tax the extraordinary profits of energy producers by 40 to 60 percent, the minister of transport, Martin Kupka, said on CNN Prima News on Sunday. Mr. Kupka said the specific amount would be decided at an upcoming meeting. Such a move could bring up to CZK 100 billion into the state coffers, he said.

Mr. Kupka said the government was taking measures to help citizens cope with high energy costs, including a price cap. He said housing allowances were also available to households for which the introduction of maximum prices would not suffice.

Author: Ian Willoughby