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Government accused of giving in to grease and fuel giants with windfall tax change

T

he Government has been accused of “bowing to pressure from oil and gas giants” by saying that it’s going to take away the windfall tax ought to the value of the commodities proceed to fall.

Ministers mentioned they might slash the present 75% tax on North Sea oil and fuel income again to its common 40% if costs attain sure ranges.

Content Source: www.customary.co.uk

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