Tag Archives: windfall
Biden Addresses Oil Firms – Says He Will Seek Tax on “Windfall” Profits
As the midterm elections are among us, U.S. Gas prices are still extremely high. To address this problem, President Biden stated that he is seeking to charge more taxes on certain oil companies. The oil companies that he seeks … Continue reading
US Latest Country to Eye Windfall Tax
The US seems to be following in the UK’s footsteps as it eyes a windfall tax on oil and gasoline. According to Deputy Director of the National Economic Council, Bharat Ramamurti, the Biden administration has looked at numerous proposals to … Continue reading
UK Windfall Tax Update
Britain’s government announced it would place a temporary levy on oil and gas production to help alleviate consumers from soaring energy prices. The UK hopes this move will assist its efforts to put a halt to worsening cost-of-living prices.… Continue reading