Lisbon stock exchange president reticent about taxing excessive profits – Bolsa
The president of Euronext Lisbon has reservations about the diligence of taxing excessive profits of companies in some sectors that can benefit from the escalation of inflation and energy crisis. In an interview with Negócios and Antena 1, Isabel Ucha says that it is not clear that the so-called “windfall tax” can solve any concrete problem.
“I don’t know that this would resolve any issue at any specific point. Alternatively, companies should focus on extraordinary measures and emergencies that should be placed in emergencies.
The leader considers that the stock market context is not exceptional, the external and unexpected shock to the economy. In this sense, the packages of measures are “justified” and “necessary”. Still, “it is necessary that, in parallel, packages, we continue to take as more structural support measures, namely energy and energy in carbon, for the digital transition and for the more structural, renewable efficiency factors of the economy.”
The crisis can thus be seen as an opportunity to accelerate a transition, and Isabel Ucha calls for the Government and the business community to make greater use of the energy capital market to finance this change.
Isabel Ucha also recalls that the Portuguese PSI index – following a trend contrary to the European market – has increased by 10% since the beginning of the war thanks mainly to exposure to energy companies, namely renewables. of transactions slowed down due to greater market volatility, the should continue to be the same way.