<Anchor>



I told you earlier that oil prices are still a big burden, but it is estimated that domestic oil companies posted record operating profits of over 10 trillion won in the first half of this year alone amid such high oil prices.

Then, there is an argument for introducing a so-called 'windfall tax' for the unexpectedly large profits in the political realm.



First, reporter Hak-Hwi Kim covered the story.



<Reporter>



As the profits of oil and gas companies surged amid high oil prices, the UK increased the corporate tax rate for energy companies by 25 percentage points in May from the previous 40%.



The so-called 'windfall tax' is imposed on unexpected excess profits, and the 'Korean version of the windfall tax law' is being promoted.



The plan is to impose an additional corporate tax of 50% nominal and 15-25% effective tax rate including deductibles on excess profits that have surged compared to the average year, targeting 4 domestic refineries and 16 banks.



[Yong Hye-in/Basic Income Party Member: This is a system in which society recovers part of the huge windfall profits that are obtained regardless of one's efforts due to sudden changes in the economic environment and uses them for the public interest.]



However, the giant holding the key to passing the bill Both parties are passive about introducing a windfall tax right now.



The People's Power is the way in which the oil refining industry immediately reflects the fuel tax cut in oil prices



. I appeal to you.]



Democrats have called for a special fund for the energy-poor.



[Park Hong-geun / Democratic Party floor leader (Yesterday): The oil refining industry voluntarily raised a fund for coexistence with the people…

]



In fact, when the oil refining industry posted an operating profit of KRW 3 trillion in 2008, a special fund of KRW 100 billion was created.



The Democratic Party is also putting pressure on the oil refining industry by referring to Article 18 of the Petroleum Business Act, which stipulates that 'if excessive profits are obtained from fluctuations in international oil prices, levies may be collected'.



(Video coverage: Kim Nam-seong, Video editing: Kim Jin-won)



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