North Sea oil and gas producers slash Sunak’s £ 5bn extraordinary tax
North Sea oil and gas operators, including BP, have rejected Rishi Sunak’s £ 5bn extraordinary tax on the sector, warning that it was a “multi-year” assault on its profits that would “drive away investors”. “and reduce production. Sunak looked at “extraordinary” profits from energy sector to help pay £ 15bn package to help UK households …
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