Galp faces potential Portuguese solidarity tax headwind, Berenberg says
Berenberg says a proposed Portuguese solidarity tax on energy profits could levy 33% on 2026 Portuguese profits more than 20% above the average of 2024-2025, pressuring Galp.
Berenberg analysts say a proposed Portuguese solidarity tax on energy profits is a headwind for Galp Energia. They say the windfall tax could impose a 33% levy on 2026 Portuguese profits that are more than 20% above the average of 2024 and 2025, and would likely include Galp's refini…