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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
Unpacking BP's record profits (against its substantial losses?)!
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<blockquote data-quote="rogerd123" data-source="post: 116076" data-attributes="member: 18421"><p>I unfortunately cannot find the exact article anymore; this is one from August 2021 which is along the same lines: <a href="https://news.sky.com/story/revealed-some-of-the-worlds-biggest-oil-companies-are-paying-negative-tax-in-the-uk-12380442" target="_blank">https://news.sky.com/story/revealed-some-of-the-worlds-biggest-oil-companies-are-paying-negative-tax-in-the-uk-12380442</a></p><p></p><p>I agree with your point- windfall taxes rely on profits passing the 'unfair' threshold, but 'unfair' (as of now) is a subjective term. I wonder how much of the motivation behind the windfall tax (if implemented) is to subdue growing public unrest/for the govt to 'save face', rather than to have a long-term positive impact on the economy.</p><p></p><p>Thank you for those links! On a side-note, I'd like to point out that the author of the Spectator article you linked works for the International Energy Agency, which has occasionally been accused of being biased towards fossil-fuels. </p><p></p><p>Although this is an opinion article, this is another option too: <a href="https://www.theguardian.com/commentisfree/2022/may/23/windfall-tax-energy-companies-bills-uk-consumers" target="_blank">https://www.theguardian.com/commentisfree/2022/may/23/windfall-tax-energy-companies-bills-uk-consumers</a></p></blockquote><p></p>
[QUOTE="rogerd123, post: 116076, member: 18421"] I unfortunately cannot find the exact article anymore; this is one from August 2021 which is along the same lines: [URL]https://news.sky.com/story/revealed-some-of-the-worlds-biggest-oil-companies-are-paying-negative-tax-in-the-uk-12380442[/URL] I agree with your point- windfall taxes rely on profits passing the 'unfair' threshold, but 'unfair' (as of now) is a subjective term. I wonder how much of the motivation behind the windfall tax (if implemented) is to subdue growing public unrest/for the govt to 'save face', rather than to have a long-term positive impact on the economy. Thank you for those links! On a side-note, I'd like to point out that the author of the Spectator article you linked works for the International Energy Agency, which has occasionally been accused of being biased towards fossil-fuels. Although this is an opinion article, this is another option too: [URL]https://www.theguardian.com/commentisfree/2022/may/23/windfall-tax-energy-companies-bills-uk-consumers[/URL] [/QUOTE]
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Unpacking BP's record profits (against its substantial losses?)!
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