UK and Norway in taxation row

Link: US oil firms face scrutiny over accounts

The argument is over the choice between Norwegian and British schemes for building the link which would supply a fifth of Britain’s fuel requirements. If the Norwegian plan is accepted, the UK could lose out on millions of pounds of tax.

UK energy minister Brian Wilson and his Norwegian counterpart will meet in Scotland next week to agree on the terms of a treaty concerning the pipeline’s taxation.

Related reading

Life Belt with Computer Folders