The energy companies have persuaded government to let them largely [wriggle out of the recent windfall taxes](https://www.bbc.co.uk/news/business-63409687) by allowing then to instead ‘invest’ in more oil and gas exploration – which we should not be doing.
> However, firms have been able to reduce the amount of tax they pay by factoring in losses or spending on things like decommissioning North Sea oil platforms. It means that in recent years, the likes of BP and Shell have paid almost no tax in the UK.
As usual, they want to privatise the profits and socialise the external costs.
Give them less money by buying less petrol and oil products. That’s what I’m doing, slowly reducing the amount I give them.
So our national debt gets higher because the government subsidises energy costs for us for a limited period, while energy companies profiteer due to the war in Ukraine.
We still pay more as consumers.
The government doesn’t want to tax more because it will “harm investment”.
Companies like BP get bumper profits, which aren’t properly taxed, there isn’t much sign of investment and shareholders are laughing all the way to the bank.
There’s something seriously wrong with this.
Can we also trust party incompetence to forget to remove the tax after? 🙂
A fair few MPs are about to be wined and dined by fossil fuel companies then. A few ex-MPs who now work for fossil fuel companies will also use their connections to schmooze the right people to make it even harder to pass any such law. It would be the right thing to do, however we do not have a government who is interested in doing the right thing.
[deleted]
Nah no windfall tax just cut nurses pay…all good…our priorities is all good….ffs
Honestly any tax on these companies will never work, they’ll just funnel the money through another country. Why can’t we just nationalise them? I mean it seems crazy that they get to drill holes in the ground and suck up the worlds resources, then sell them back to us at whatever price they want to
Don’t worry everyone it will trickle down. As a matter of fact I can feel it now! It warm and yellow
I’d rather have the money back in my pocket with reduced energy bills thank you very much!….. we pay enough tax as it is and shouldn’t pay twice, 2nd hand through windfall taxes!
Windfall tax is a PR stunt by Westminster. There not going to tax the real profit just the producers, and the big ones have fled the north sea. This will put massive pressure on what’s left the industry in Scotland and it wont be the company’s who feel it
12 comments
The PM and his family probably own shares in them. No chance of a windfall tax with these parasites in power.
The[ case for a windfall](https://www.theguardian.com/commentisfree/2022/feb/11/uk-windfall-tax-oil-gas-bp-profits) tax is strong
The energy companies have persuaded government to let them largely [wriggle out of the recent windfall taxes](https://www.bbc.co.uk/news/business-63409687) by allowing then to instead ‘invest’ in more oil and gas exploration – which we should not be doing.
> However, firms have been able to reduce the amount of tax they pay by factoring in losses or spending on things like decommissioning North Sea oil platforms. It means that in recent years, the likes of BP and Shell have paid almost no tax in the UK.
As usual, they want to privatise the profits and socialise the external costs.
We need to literally, so far as is possible,[ leave fossil fuels in the ground.](https://www.theguardian.com/environment/georgemonbiot/2015/jan/07/why-leaving-fossil-fuels-in-ground-good-for-everyone)
Give them less money by buying less petrol and oil products. That’s what I’m doing, slowly reducing the amount I give them.
So our national debt gets higher because the government subsidises energy costs for us for a limited period, while energy companies profiteer due to the war in Ukraine.
We still pay more as consumers.
The government doesn’t want to tax more because it will “harm investment”.
Companies like BP get bumper profits, which aren’t properly taxed, there isn’t much sign of investment and shareholders are laughing all the way to the bank.
There’s something seriously wrong with this.
Can we also trust party incompetence to forget to remove the tax after? 🙂
A fair few MPs are about to be wined and dined by fossil fuel companies then. A few ex-MPs who now work for fossil fuel companies will also use their connections to schmooze the right people to make it even harder to pass any such law. It would be the right thing to do, however we do not have a government who is interested in doing the right thing.
[deleted]
Nah no windfall tax just cut nurses pay…all good…our priorities is all good….ffs
Honestly any tax on these companies will never work, they’ll just funnel the money through another country. Why can’t we just nationalise them? I mean it seems crazy that they get to drill holes in the ground and suck up the worlds resources, then sell them back to us at whatever price they want to
Don’t worry everyone it will trickle down. As a matter of fact I can feel it now! It warm and yellow
I’d rather have the money back in my pocket with reduced energy bills thank you very much!….. we pay enough tax as it is and shouldn’t pay twice, 2nd hand through windfall taxes!
Windfall tax is a PR stunt by Westminster. There not going to tax the real profit just the producers, and the big ones have fled the north sea. This will put massive pressure on what’s left the industry in Scotland and it wont be the company’s who feel it