CelloMom On Cars on Nostr: "With the windfall profit tax, oil and gas companies’ tax burden comes in at ...
"With the windfall profit tax, oil and gas companies’ tax burden comes in at 75%—a rate that most industries would agree is not really conducive to investment growth.
Not only this, but #Labour has vowed to do away with what it has called “the unjustifiably generous investment allowances” for oil and gas companies.
On top of the higher tax burden, the Labour plan also involves canceling the issuance of new oil and gas #drilling licenses for the #NorthSea.
https://oilprice.com/Energy/Energy-General/What-Labours-Victory-Means-for-UK-Oil-and-Gas.html
Not only this, but #Labour has vowed to do away with what it has called “the unjustifiably generous investment allowances” for oil and gas companies.
On top of the higher tax burden, the Labour plan also involves canceling the issuance of new oil and gas #drilling licenses for the #NorthSea.
https://oilprice.com/Energy/Energy-General/What-Labours-Victory-Means-for-UK-Oil-and-Gas.html