Seán Sherlock (Cork East, Labour) | Oireachtas source

That will not cut the mustard with the businesses and households I deal with in my constituency. The Spanish Government was able to do this. It introduced a windfall tax on energy companies last September, therefore, there is a precedent set in the European Union on this. I want to give some solace to the small businesses and householders in my constituency. The Spanish case is a clear example of how funds generated through the windfall tax are paying for the country's VAT energy tax cut introduced in the same month last year. There is proof of concept and this tax is working in another EU member state. I ask that greater urgency be given to this concept, thereby bringing to fruition a windfall tax on profits.

See this speech in context