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UK energy windfall tax: what it is and why it needs to change

(Version anglaise seulement)

par İrem Güçeri, Associate Professor of Economics and Public Policy, University of Oxford

The UK government has increased its 25% levy on oil and gas companies – the UK energy profits levy – to 35% from January 2023 as part of its November 17 Autumn statement. The scheme has also been extended by two years to March 2028. Combined with a new 45% windfall tax on the profits of electricity generators, these taxes are predicted to generate £14…

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