windfall tax

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U.K. imposes windfall tax on oil and gas company profits as inflation bites

U.K. imposes windfall tax on oil and gas company profits as inflation bites

Chancellor Rishi Sunak's measure comes as inflation hits multi-decade highs following the Russian invasion of Ukraine.
Fossil fuel companies have the nerve to claim that taxing them will hurt the climate

Fossil fuel companies have the nerve to claim that taxing them will hurt the climate

The Labour Party has proposed a one-year tax hike to help low-income customers handle rising energy prices. Shell and BP oppose it.
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