tax cuts

The recent oil and gas tax cuts announced by Chancellor George Osborne are “biased towards older, existing assets”, according to an energy analyst. Mr Osborne said he will cut the Supplementary Charge on oil and gas from 20% to 10% and scrap the Petroleum Revenue Tax (PRT). The PRT is a special tax on profits […]

Australia’s new carbon tax had a cold reception when it came into effect yesterday, with thousands of protestors reportedly out in force in Sydney. Around 300 big polluters were slapped with a carbon price of $23 (£15) per tonne, a measure the Australian Government hopes will cut carbon pollution by at least 159 million tonnes […]