Taxing Windfall Profits in the EU Energy Sector

• Jurisdiction: European Union
• Year: 2023

Speaker

Dr Karolina Tetłak is assistant professor in tax law at the Faculty of Law and Administration at Warsaw University . She is also associated with the Centre for International Sports Law at Staffordshire University, UK and Thompson Rivers University, Canada.

In her academic work, Karolina is interested in Polish, international, comparative and European tax law. She specializes in sports fiscal law, taxation of athletes and tax treatment of sports events. She is also interested in tax design and discrimination. She has been awarded a PhD with distinction for a thesis on income taxation of athletes participating in major international sports events. The research was supported by FIFA under the João Havelange Research Program.

Topic

In her e-presentation, Professor Karolina Tetlak delves into the timely and pertinent topic of recent windfall taxes levied on surplus profits within the energy sector in the European Union (EU). Specifically, she scrutinizes two key measures: the temporary solidarity contribution imposed on the fossil fuel sector and the market revenue cap imposed on electricity producers. Professor Tetlak offers a comprehensive exploration of the fiscal dimensions of these measures, shedding light on how they are strategically employed to redistribute profits within the energy sector in alignment with the overarching goals of the EU's environmental and energy policies.

The crux of Professor Tetlak's presentation lies in her elucidation of the fiscal nature of these windfall taxes. By untangling the intricacies of the temporary solidarity contribution and the market revenue cap, she provides her audience with a nuanced understanding of the mechanisms at play. This foundational knowledge becomes instrumental in comprehending the broader implications of these measures on the financial landscape of energy companies operating within the EU.

Furthermore, Professor Tetlak places these windfall taxes within the larger context of the EU's environmental and energy policy framework. She articulates how these fiscal interventions serve as strategic instruments in steering the energy sector towards sustainability and aligning it with the...