How oil and gas company tax reliefs could lose the UK billions
- Written by Karl Matikonis, Assistant Professor, University College Dublin
The recently-approved Rosebank oil field in the North Sea has been touted as a way to boost the UK economy and its energy security. But even with its windfall tax on energy company profits, the project is a good example of how the UK could miss out on billions in taxes over the life of an oilfield.
Energy companies Equinor and Ithaca expect to...