Oil Companies and Banks Face UK Windfall Tax Threat
Chancellor John Healey has been presented with a plan to tax oil firms and banks further as bosses in the sectors have posted huge profits, according to reports. Healey may look to tax businesses at this year’s Budget in order to rebuild a partly-eroded £22.7bn fiscal buffer,…
Chancellor John Healey has been presented with a plan to tax oil firms and banks further as bosses in the sectors have posted huge profits, according to reports. Healey may look to tax businesses at this year’s Budget in order to rebuild a partly-eroded £22.7bn fiscal buffer,…
BELLINGS Intelligence Score: 55
Why it matters
A proposed UK windfall tax on oil companies and banks represents a significant regulatory event with potential broad consequences for credit availability, sector profitability, and capital allocation in key industries.
Sources
OilPrice.com
Oil Companies and Banks Face UK Windfall Tax Threat
Chancellor John Healey has been presented with a plan to tax oil firms and banks further as bosses in the sectors have posted huge profits, according to reports. Healey may look to tax businesses at this year’s Budget in order to rebuild a partly-eroded £22.7bn fiscal buffer,…