Record View says many Scots will struggle to understand why profiteering oil companies require billions in Tory tax breaks to set up new offshore schemes.
People have different opinions on whether we should be drilling for oil in the midst of a climate emergency.
But whatever their views, many Scots will struggle to understand why profiteering oil companies require billions in Tory tax breaks to set up new offshore schemes. Yet it’s thanks to a deliberate loophole in that levy that oil firms can claim back up to 91 per cent of their costs for investing in new drilling projects.
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