Chancellor to reject calls for expanded windfall tax on energy firms despite record profits

Belgique Nouvelles Nouvelles

Chancellor to reject calls for expanded windfall tax on energy firms despite record profits
Belgique Dernières Nouvelles,Belgique Actualités
  • 📰 i newspaper
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 89%

The Chancellor is expected to argue that the tax in its current form is sufficient in next month's Budget, i understands

There are also concerns that repeatedly changing the details of the taxation system undermines the stability of the investment environment.

Labour has called for the investment allowances to be scrapped, the levy to be backdated, and the headline rate to be increased to 78 per cent, which the party argues would raise more than £13bn extra.Shadow Climate Change Secretary Ed Miliband said: “It cannot be right that, as oil and gas giants rake in the windfalls of war, the Rishi Sunak’s Conservatives refuse to implement a proper windfall tax that would make them pay their fair share.

The vast majority of most oil and gas firms’ profits are made outside the UK, meaning they are not liable to British taxation.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

i newspaper /  🏆 8. in UK

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Nicola Sturgeon urged to intervene in Glasgow's budget as parties at loggerheadsNicola Sturgeon urged to intervene in Glasgow's budget as parties at loggerheadsFirst Minister Nicola Sturgeon has been urged to “intervene” in Glasgow’s budget as the city faces a shortfall of around £100 million.
Lire la suite »

Barclays lend less to mortgage seekers after Truss mini-budgetBarclays lend less to mortgage seekers after Truss mini-budgetHigher interest rates, raised in an effort to bring inflation down, have meant greater loan margins for Barclays.
Lire la suite »

A Place in the Sun couple amaze host with 'lowest budget ever'A Place in the Sun couple amaze host with 'lowest budget ever'Linda and Peter give expert a headache with their tiny budget for a new house in Italy
Lire la suite »

Glasgow budget: what to expect as SNP propose cuts to plug £60m black holeGlasgow budget: what to expect as SNP propose cuts to plug £60m black holeThe biggest party on the council will bring forward its proposals on Thursday, and has criticised Labour and the Conservatives for refusing to put up any alternative budget proposals.
Lire la suite »

UConn Students Walkout Over State Budget Allocation for UniversityUConn Students Walkout Over State Budget Allocation for UniversityUConn students walked out of class Wednesday and traveled to the state Capitol in Hartford in response to Gov. Ned Lamont’s two-year budget plan. The university president said the budget falls short of adequately funding the university and could lead to increasing tuition by thousands of dollars. Dr. Radenka Maric. the University of Connecticut’s president, said if it is enacted as…
Lire la suite »

The Budget Skincare Line Behind Holly Willoughby’s GlowThe Budget Skincare Line Behind Holly Willoughby’s GlowHolly's make-up artist Patsy O'Neill recently revealed the budget skincare line behind the TV presenter's glowing skin.
Lire la suite »



Render Time: 2025-03-12 19:29:50