Republicans in the US Senate have shot down moves to charge oil companies a
windfall profits tax.
The proposals, which were coined as the ‘Consumer First Energy Act,’ were
floated to combat the rapidly rising price of gasoline but needed 60 votes to be
pushed through but only received the backing of 51 senators.
Pressure groups in the UK have called for similar moves to be made after
companies made bumper profits.
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham