UK plans to overhaul windfall oil and gas tax

Britain plans to revamp its windfall tax regime for oil and gas producers after 2030, aiming to transform the North Sea into a renewable energy hub. The government seeks industry feedback on taxing "excess revenue". The tax rate was recently increased to one of the highest globally, prompting concerns about investment uncertainty and output decline.

from International-News-Economic Times https://ift.tt/G0oL9sa

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