New UK Prime Minister Opposes Windfall Tax On Energy Companies ...Middle East

During question time in Parliament today, the UK's new Prime Minister Liz Truss said she was against the windfall tax on oil and gas companies operating in the UK, reiterating her commitment to focus on developing domestic energy resources. "I am against a windfall tax. I believe it is the wrong thing to be putting companies off investing in the United Kingdom," the prime minister said, as carried by Reuters. Following months of rumors and indecision, the UK government announced at the end of May a 25% Energy Profits Levy, commonly referred…

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