The executive president of Greenvolt, João Manso Neto, said Tuesday that there are no excessive profits in electricity companies and recalled that energy companies already pay an extraordinary contribution, which he described as a “silly” tax, because it penalizes those who invest the most. .
Speaking at the opening of the “Taxation in OE2023” conference promoted by Global Media Group, João Manso Neto began by referring to not knowing well “who in Portugal has excessive profits”.
Excess profits? In electricity I don’t see where they are. Surely they are not in renewables,” said the manager, noting that the issue of taxation of excessive profits seems “nonsense” and questioning, in relation to the oil companies -a sector that acknowledged knowing less-, what would be done when refining margins drop: “Do they also pay?”
The manager also mentioned that the energy sector is already subject to an extraordinary contribution, created during the troika period, considering that it should end because “it is the stupidest tax there is, because the more you invest, the more you pay.”
Speaking in a panel whose general theme was “The fiscal shock is fundamental. How can addressing taxes in OE2023 help families and companies? João Manso Neto also spoke out against policies that consider the allocation of more subsidies.
I agree with the Secretary of State for Finance [que fez a intervenção na abertura desta conferência] when he says that the energy transition is essential”, but “I do not agree when he says that more subsidies are needed. That’s not the point,” said the Greenvolt CEO.
João Manso Neto also said that at this moment the “PRR [Programa de Recuperação e Resiliência] it is having a perverse effect because there are investments that are made, that are paid and that are not made because they are waiting for the PRR”.
The director said that, if on the one hand it can be considered that the state bureaucracy delays some investments, there is also blame on the side of the companies because “they do not invest.”
João Manso Neto also admitted that there is support for some companies and families, but “without exaggerating”.
Source: Observadora
