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...
Windfall tax to be suspended if energy prices drop
By Noor NanjiBusiness reporter, BBC News
The Windfall tax on oil and gas firms will be suspended if prices fall to normal levels for a sustained period, the government has announced.
Halting The Windfall tax would cut the overall tax rate on energy firms from 75% to 40%.
A windfall tax is used to target firms which benefit from something they were not responsible for.
It was introduced Last Year to help fund a scheme to lower energy bills for households and businesses.
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.
But oil and gas prices have now come down from their highs.
In a statement, the Treasury said The Windfall tax would remain until March 2028 but that the tax rate would fall if the average oil and gas prices fall to, or below, a set level for two consecutive three-month periods.
The Level has been set at $71. 40 per barrel for oil and £0. 54 per therm for gas.
Brent Crude Oil was trading at £75 per barrel on Friday morning, with gas prices at around £0. 62.
Energy firms have been urging ministers to reduce The Windfall tax, warning that it was causing companies to pull back investment in the long-term energy security of the UK.
The Treasury said its decision had reflected those warnings.
It said any Fall In investment, " puts the long-term future of the UK's domestic supply At Risk , meaning we would be forced to import more from abroad at a time when reliable and affordable energy is a focus for families and businesses".
Related TopicsSource of news: bbc.com
