“We decided to lower VAT tax on fuel. We lowered excise tax on fuel. But we did it responsibly by introducing windfall tax on oil companies that right now generate really huge margins”

Squawk Box Europe Express · Warsh surprised by global economy's 'resilience'

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What was described

Lowered VAT and excise tax on fuel while introducing a windfall tax on oil companies generating high margins

Said nearby on the same subject

“If you're going to modify the way we collect excise on fuel, then one good place to start might be to review some of these generous fuel tax credits.”
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Said on Australia Overnight
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“That's where you generally want your high growth potential, but tax efficient. So maybe if you own any stock index funds, things of that nature to benefit from the long-term capital gains. Tax deferred accounts, that's usually less tax efficient, but maybe lower return potential”
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Said on Motley Fool Hidden Gems Investing
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“If companies have sales overshoots or undershoots, a very high incremental margin relative to a lower stated margin can cause a big profit beat or a big profit loss.”
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Said on In Good Company with Nicolai Tangen
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“A medium SUV that's electric is heavier… two to three to 400 kilos heavier. Therefore, it's doing more damage to the roads… while paying no fuel excise that goes back into the maintenance of those roads.”
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Said on Australia Overnight
Contrarian take 200-400 kg heavier Share this moment

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