Finance News – Windfall Tax
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Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting
The chancellor indicated in a private discussion that increased taxation on energy firms would be balanced by government support through carbon capture and storage incentives.
Read Full Article →Badenoch calls for end to oil and gas windfall tax
The proposed removal of the additional tax on oil and gas companies aims to encourage new exploration activities, potentially impacting government revenues and investment in the en...
Read Full Article →Conservatives vow to end oil and gas windfall tax
Ending the additional tax on oil and gas profits could impact government revenue while potentially encouraging increased investment and production within the energy sector.
Read Full Article →North Sea windfall tax causing ‘irreversible damage’ says oil giant
The additional tax on oil and gas companies operating in the North Sea is reportedly impacting industry stability and employment, leading to concerns about long-term financial effe...
Read Full Article →Reform UK promises to reverse ban on new North Sea oil drilling if elected
If elected, Reform UK plans to invest public funds in new North Sea hydrocarbon projects, aiming to boost employment and reduce reliance on external energy sources.
Read Full Article →UK windfall tax can fund switch to green jobs for North Sea oil workers – report
Implementing a permanent levy on energy company profits could provide substantial funding to support the retraining and employment of North Sea oil workers in sustainable energy se...
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