In response to large profits posted by BP and Shell, the UK government is considering a so-called “windfall” tax on oil and gas companies. The aim of this measure is to redistribute, to consumers, the proceeds from those profits so as to ease the burden of the spiralling retail cost of fuel and heating.
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Windfall Tax Woes
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In response to large profits posted by BP and Shell, the UK government is considering a so-called “windfall” tax on oil and gas companies. The aim of this measure is to redistribute, to consumers, the proceeds from those profits so as to ease the burden of the spiralling retail cost of fuel and heating.