Latvian government targets fuel prices – retailers may have to pay 100% of “excess profits”

On Thursday, the Saeima referred a draft law on introducing a solidarity payment for fuel retailers to the Budget and Finance (Tax) Committee for consideration. Ministry of Economics proposes applying a solidarity payment to fuel retailers if their actual retail price exceeds the objectively calculated reference retail price by more than 3%. According to the […] The post Latvian government targets fuel prices – retailers may have to pay 100% of “excess profits” appeared first on Baltic News Network.