Tax Relief

“‘North Sea operators have paid over £330 billion of tax since the 1970s at tax rates significantly higher than onshore companies, therefore allowing tax relief on decommissioning ensures a fair tax system that gives companies good incentives to maximise economic recovery.’ [UK government’s department for business, energy and industrial strategy]
What is that justifying or explaining? Because oil and gas companies have paid due taxes on eye-watering profits in the past, the government can use taxpayers’ money for future decommissioning costs?” http://theconversation.com/i-asked-uk-government-why-its-spending-25-billion-dismantling-oil-platforms-heres-the-reply-94786

The UK government similarly applauds oil and gas companies for their impressive profits from contributing so generously to air quality and climate change.

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