Competition policy – annual report 2023

Tabled by Martin Schirdewan, Manon Aubry, Marc Botenga, Dimitrios Papadimoulis

… and consumers’ welfare; highlights the need to improve the data on profits Removed: in order to efficiently Added: and to effectively address potential consequences, as research by the European Central Bank and the International Monetary Fund Removed: suggests Added: shows that corporate profits have been important temporary drivers of inflation; calls on … reiterates that the Commission must make use of all the available tools Removed: under competition law to tackle the cost-of-living crisis; Added: calls on the Member States and the Commission to introduce permanent windfall profit taxes to combat profit-driven inflation in all sectors and to redistribute windfall profits to low-income households; 20 OECD, ‘Competition and Inflation: OECD Competition Policy Roundtable Background Note’, 2022.

Wording as published by the EP, in English. PE756.725