The cost of the Windfall Tax18 Feb 2023 15:20
Not something I have any idea about, but maybe some accounting / taxation genius could have a stab at an answer... With the number of oil and gas operators with uk interests who have said they are scaling back on projects etc etc, at some point the lost revenue that reduction equates to will overtake the extra revenue the windfall tax raises, not to mention the jobs and need to simply move to importing more energy from abroad. Wonder how long that could be. You'd think someone in government could make their fellow party members see the light and have a rethink.