Donohoe: Taxing windfall profits at Corrib ‘is a matter for the EU’
Corrib, off the coast of Mayo, is Ireland’s only domestic gas field and last year its operator and owner, Vermilion Energy, saw its revenues increase by over 250 per cent as a result of rising European gas prices.
Taxing any windfall profits from bumper revenues at the Corrib gas field could only happen as part of a wider coordinated European policy, the Minister for Finance has said.
Paschal Donohoe was speaking to the Business Post as gas prices around Europe continued to soar due to tightened supply and the fear of being completely cut off from Russian gas supplies.
Corrib, off the coast of Mayo, is Ireland’s only domestic gas field and last ...
