The oil and gas giant said it had avoided Britain’s “windfall” tax because of big capital expenditures in the North Sea.
Tag: Corporate Taxes
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Liz Truss’s New Economic Agenda Looks a Lot Like the Labour’s
After a blowback over her budget-busting tax cuts, Britain’s prime minister has junked her free-market plans and adopted several measures favored by Labour.
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French Refineries Strike May Presage a Winter of Discontent for Europe
Bitten by inflation, workers are demanding a greater share of the surging profits of energy giants. It’s the kind of unrest leaders fear as they struggle to keep a united front against Russia.
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Keir Starmer Accuses Liz Truss of Losing Control of Britain’s Economy
Under the governing Conservatives, the markets are down and the pound is under pressure. On Thursday, Keir Starmer, the Labour leader, staked his claim as the guardian of sound fiscal policy.
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N.Y.C. Faces Potential Fiscal Crisis as $10 Billion Budget Deficit Looms
A persistent pandemic-driven downturn has caused revenue from business and personal-income taxes to fall in New York City, while tourism and job losses have yet to recover.