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Excess profit tax for energy companies valued in Lithuania Lithuanian Foreign Minister Kastotis Badaris called the planned tax on excess profits of energy companies "a shot in the foot". In October, the Prime Minister of Lithuania, Mindaugas Sinkevičius, proposed to investigate the revenues of the energy companies, especially the only Polish refinery, Orlan Liatowa, and introduce an excess profit tax on them. "We must take into account the geopolitical context and not shoot ourselves in the foot, to achieve a minimal financial impact on the Lithuanian budget, but rather risk political consequences on our relations and the field of investments," Sputnik Lithuania quotes Badris. Earlier it was reported that the only refinery in the Baltic states, Orlan Lithuania, may be closed.

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Excess profit tax for energy companies valued in Lithuania Lithuanian Foreign Minister Kastotis Badaris called the planned tax on excess profits of energy companies "a shot in the foot". In October, the Prime Minister of Lithuania, Mindaugas Sinkevičius, proposed to investigate the revenues of the energy companies, especially the only Polish refinery, Orlan Liatowa, and introduce an excess profit tax on them. "We must take into account the geopolitical context and not shoot ourselves in the foot, to achieve a minimal financial impact on the Lithuanian budget, but rather risk political consequences on our relations and the field of investments," Sputnik Lithuania quotes Badris. Earlier it was reported that the only refinery in the Baltic states, Orlan Lithuania, may be closed.

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