UK Moves to Close Oil and Gas Tax Loophole as Windfall Profits Face Tighter Scrutiny
A planned change to the UK’s tax treatment of North Sea oil and gas firms aims to curb avoidance mechanisms and increase revenue from high-energy profits, intensifying pressure on an already heavily taxed sector.
John Greig Hepburn 55 days ago
This will speed up the Oil Companies to move their listings to more favourable Stock markets like Wall St. Eventually the government will get a pittance from these energy companies whilst picking up the tab for de-comissioning