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2026-09-15 19:38:09
[Poland plans to impose a 60% windfall tax on oil companies' excess profits to lower fuel prices] (1) Polish Prime Minister Donald Tusk said on Tuesday that the Polish government plans to push for a windfall tax on oil companies' excess profits and use the funds raised to lower fuel prices, while urging the Polish president not to block the bill again. (2) The tax would impose a 60% tax on excess revenue generated by oil companies between March and December 2026; according to the government, this move could raise 4 billion zlotys (about US$1.06 billion) annually. (3) The bill was previously vetoed by the Polish president, who submitted it to the Constitutional Court in July; the Constitutional Court has not yet made a ruling. (4) The government has reintroduced the bill and plans to approve it on Tuesday before submitting it to parliament for further consideration. (5) Before the cabinet meeting, Tusk said: "I assure you that if the president finally signs the newly resubmitted Superprofits Law, we will immediately implement another measure to reduce fuel prices. We will wait and see how effective this funding will be. But I hope that no one will have any more doubts about the fact that this bill must be signed. The people should not have to pay for this fuel crisis. This fuel crisis was not caused by the Polish people."
