TaxCorporate TaxHigh oil taxes here to stay, says Brown

High oil taxes here to stay, says Brown

Brown insists on 'stability' for the North Sea oilfields

Oil taxes will not be cut if the oil price falls, Gordon Brown indicated
yesterday.

Vince Cable, the Liberal Democrat Treasury spokesman, yesterday called for
the chancellor to ‘reverse’ the tax change that netted Brown an extra £2bn a
year in Monday’s pre-Budget report if oil prices fell below $57 a barrel.

Mr Brown replied: ‘As far as the North Sea is concerned, I want to give
stability to the oil companies over this parliament.’

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter