Windfall Tax U-Turn Roils Shares of $21 Billion Utility CEZ.

Shares in CEZ AS, the Czech Republic's dominant power utility, have dropped to their lowest level in almost four months due to political maneuvering surrounding the company. The government has signaled that it is no longer considering ending a windfall tax before its original expiration date, causing the company's shares to decline. The windfall tax represents around 10% of CEZ's revenue and has been a burden on the company. The government is trying to balance rising spending with a promise to cut the fiscal deficit, and the windfall tax is a significant source of extra budget revenue. [Extracted from the article]