The Windfall
| Use attributes for filter ! | |
| Google books | books.google.com |
|---|---|
| Originally published | June 27, 2017 |
| Authors | Diksha Basu |
| Genres | Humour |
| Domestic Fiction | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2929491 |
About The Windfall
From actress Diksha Basu comes a sparkling comedy of manners about social climbing, social rivalry and social anxiety in the New IndiaAnil Kumar Jha has worked hard and is ready to live well. After thirty years in a modest flat, he and his family are moving to Gurgaon, one of Delhi's richest areas. . . .
Paris Olympics 2024: Locals ask if they're worth the trouble
... Rentals during the Games are up to four times normal rates, and it is hard to find a Parisian who is not at least considering The Windfall...
Liz Truss urges PM to cut taxes and benefit increases
... In addition to reflecting on her time in office, Ms Truss will use her speech to urge the government to for tourists and abolish The Windfall tax on oil and gas firms...
UK could be starved of energy, warns North Sea boss
... Earlier this month, the Treasury announced The Windfall tax would stay in place until 2028 but closer to historical levels for a sustained period...
Windfall tax to be suspended if energy prices drop
...By Noor NanjiBusiness reporter, BBC NewsThe Windfall tax on oil and gas firms will be suspended if prices fall to normal levels for a sustained period, the government has announced...
Energy companies making 'war profits' - Reeves
... The Labour party has pledged to extend The Windfall tax further, but has not indicated by how much...
Amateur Australian gold digger finds massive nugget
... He says the lucky man is looking forward to spending The Windfall on his family: " He said to me, Oh the wife will be happy ...
Energy firms call for windfall tax to fall with prices
...By Noor NanjiBusiness reporter, BBC NewsEnergy firms have called on ministers to reduce The Windfall tax as oil and gas prices fall, ahead of a package of measures on energy security expected to be announced on Thursday...
British Gas boss takes £3. 7m bonus despite criticism
... Centrica paid £1bn in tax relating to its 2022 profits and of that, about £54m was paid as result of The Windfall tax - called the Energy Profits Levy - which was introduced by the government last year to recoup some of the " extraordinary" earnings made by firms, and to help fund lower gas and electricity bills for households...
Energy companies making 'war profits' - Reeves
By Faisal IslamEconomics editor
Energy firms are making " war profits" from The Surge in oil and gas prices following Russia's invasion of Ukraine, The Shadow chancellor has said.
Rachel Reeves has told The Bbc That companies should be " taxed properly".
Last Year , the government introduced a windfall tax on profits made from extracting oil and gas in the UK to help fund a scheme to lower bills.
The Labour Party has pledged to extend The Windfall tax further, but has not indicated by how much.
The Energy Profits Levy (EPL), introduced in May 2022, is set at 35% and together with other taxes takes the rate on oil and gas companies to 75%.
The levy applies to profits made from extracting UK oil and gas, but not from other activities, such as refining oil and selling petrol and diesel on forecourts.
In an interview with The Bbc 's Economics Editor, Ms Reeves said: " There needs to be a proper windfall tax on the huge profits the energy giants are making, because while they make huge profits, people are paying huge bills.
" Those are the windfalls of war, they should be taxed properly, to help people with a cost-of-living crisis, " she added.
" They are war profits. The only reason That energy prices rose like That is because of Russia's illegal invasion of Ukraine. And the energy companies have benefited with higher profits on the back of That , and everybody else has been saddled with higher bills.
" Those are not profits because of The Great ingenuity of the companies. . That money should go into helping families with their energy bills and helping businesses who have also seen their bills go up. "
Earlier this month the energy giant Shell reported profits of £7. 6 billion for The First three months of the year. BP posted first quarter profits of £4 billion.
The vast majority of both companies' profits are earned overseas and are therefore not covered by the UK's windfall tax.
A windfall tax is used to target firms which benefit from something they were not responsible for.
Energy firm profits have soared recently, initially due to rising demand after Covid restrictions were lifted, And Then because Russia's invasion of Ukraine raised energy prices.
Related TopicsSource of news: bbc.com
