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Poland Moves To Tax Fuel Windfalls Earned During Iran War
Authored by Michael Kern via OilPrice.com,
Poland's government has approved a one-off windfall tax on fuel companies that benefited from soaring energy prices during the U.S.-Iran-Israel war, seeking to recover part of the billions spent protecting consumers from higher fuel costs.
The proposed levy would impose a 60% tax on excess profits generated between March and December 2026, during the closure of the Strait of Hormuz. The Polish Finance Ministry estimates the measure will raise around 4 billion zloty $1.1 billion.
Under the proposal, excess profits would be calculated using fuel sales margins that exceed a company's average 2025 margin by more than 20%, reflecting profits from an extraordinary geopolitical supply shock instead of improved business performance.
"Exceptional economic and geopolitical conditions" created unusually high profits across parts of the fuel sector while imposing significant costs on the state budget, the Finance Ministry said in a statement carried by Polish news outlets.
State-controlled energy giant Orlen is expected to bear the largest share of the tax burden, accounting for roughly 60% of the projected tax base according to the government's impact assessment.
The proposal follows months of emergency measures introduced by Warsaw to shield households and businesses from soaring fuel prices. Poland temporarily reduced VAT and excise duties on fuels and imposed price controls designed to ensure consumers benefited from the tax cuts. According to government estimates, the fuel excise reduction and reduced VAT collections cost Poland around $435 million a month.
The measure still faces political hurdles, though. Tusk's coalition controls parliament; however, the legislation must also be signed by President Karol Nawrocki, an opposition ally who has repeatedly blocked government fiscal initiatives.
The government initially proposed a 75% windfall tax before reducing the rate to 60% following consultations with industry groups, which warned that the original proposal would have pushed the effective tax burden on some companies to nearly 94%.
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Germany's Anti-immigration AfD Party Jumps To Record 9-Point Lead Over CDU In Latest Poll
The Alternative for Germany (AfD) continues to run away from its main rival, the Christian Democratic Union (CDU) and its sister party, the Christian Socialist Union (CSU) in a new poll, which shows the AfD nine points ahead.
The AfD achieved a new record in the current YouGov poll, reaching 29 percent, while the CDU/CSU and SPD have hit all-time lows. The results are expected to pile on the pressure on a governing coalition the German public increasingly despises.
In the YouGov poll, CDU/CSU achieves 20 percent of the vote and SPD earns 12 percent. The Union parties have never been worse in a YouGov poll.
BUNDESTAGSWAHL | Sonntagsfrage YouGov
AfD: 29% (+1)
Union: 20% (-2)
GRÜNE: 14% (+1)
SPD: 12% (-1)
LINKE: 12% (+1)
FDP: 5% (+1)
BSW: 4%
Sonstige: 5%
Änderungen zur letzten Umfrage vom 12. Mai 2026
Verlauf: https://t.co/f9MV7iZ8iJ#btw29 pic.twitter.com/yO2VS2jJn5
However, the Greens at 14 percent and the Left Party at 12 percent are making slight gains.
The FDP is also gaining ground, reaching 5 percent for the first time in a year and a half after a new chairman was elected, Wolfgang Kubicki.
The results for the CDU in particular are bound to spark further turmoil in the party, with some members perhaps even eyeing a future coalition with the AfD, a move that has been soundly rejected by CDU leadership. In particular, Chancellor Friedrich Merz has vowed to never work with the party.
The conundrum for the CDU remains that the party is forced to build coalitions with predominately left-wing parties like the Greens, the SPD, and even the Left Party, through its firewall against the AfD. The resulting politics have left CDU voters increasingly unhappy with the results, but remarkably, about half of CDU voters also reject a coalition with the AfD.
Majority of Germans reject politicizing the World CupYouGov also found that a majority of Germans do not want the World Cup politicized. The German national team has a history of taking a “woke” stance in the last two World Cups, but the German team was eventually humiliated in each tournament, failing to advance past the preliminary round in both World Cups.
However, Germans soundly reject politics in football, with 65 percent of respondents saying they want the World Cup and politics to be strictly separated. AfD voters (82 percent) and CDU/CSU voters (74 percent) are especially in favor of this position. More than half of SPD voters at 55 percent also share this view.
However, those on the more extreme left, back politics in football, like the Left Party (41 percent) and the Greens (34 percent).
Tyler Durden Thu, 06/18/2026 - 02:00