Windfall tax ‘seriously flawed’, says North Sea oil and gas producer

Harbour Energy lobbies Rishi Sunak for changes to profits levy because of impact on smaller firms

The biggest oil and gas producer in the North Sea has labelled the windfall tax on energy firms “seriously flawed” as it lobbied the chancellor for last-minute changes to the levy.

Rishi Sunak last month announced a windfall tax on oil and gas firms making outsized profits during the energy crisis, which he hopes will raise £5bn to fund efforts to cut household bills.

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Source: theguardian
Windfall tax ‘seriously flawed’, says North Sea oil and gas producer