The Daily Overview on MSN

Windfall tax is 'killing' North Sea oil, furious MPs warn

MPs from across the political spectrum are warning that the UK's windfall tax on oil and gas profits is tipping the North Sea ...
Bloomberg L.P.

Harbour Energy to Cut 100 UK Jobs After Windfall Tax Retained

Harbour Energy Plc, one of the largest independent oil and gas firms in the UK, expects to cut another 100 jobs after the government decided to keep a windfall tax on North Sea producers. The Labour ...
NBC Washington

Biden Paints Oil Firms as War Profiteers, Talks Windfall Tax

President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on energy companies if they don't boost domestic production. Biden in ...
Tax Justice Network

Taxing windfall profits in the energy sector

In this paper, we calculate the excess profits of energy and fossil fuel companies in the EU during the energy crisis on 2022-2023. A windfall tax on these profits was adopted, which we find could ...