Portuguese oil firm continues to withhold energy tax

Galp, Portugal’s largest oil company, has confirmed it will continue to refuse to pay the country’s special energy sector tax in 2017

Galp, Portugal’s largest oil company, has confirmed it will continue to refuse to pay the country’s special energy sector tax in 2017.

The tax, which the government expects will raise €90 million in 2017, is a temporary measure originally introduced in 2014 to tackle Portugal’s electricity deficit as part of a package agreed with international creditors.

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