Due to Prime Minister Shehbaz Sharif’s effective policies, along with the efforts of Finance Minister Muhammad Aurangzeb and the Federal Board of Revenue (FBR) Chairman, Pakistan’s tax system has seen a positive transformation. The government successfully maintained the windfall tax and collected Rs. 23 billion from 16 banks. Following the Sindh High Court’s ruling, the … Read more
Europe is imposing a windfall tax on energy companies. The EU intended to raise more than €140 billion. It would be distributed among its 27 member nations. In order to relieve the burden that this winter’s spike in costs is putting on people and businesses, Europe is imposing a windfall tax on energy companies. According … Read more
The energy industry has warned that a windfall tax will result in job losses. Deirdre Michie, chief executive of Offshore Energies UK, which represents the offshore oil and gas industry, said the consequences of a windfall tax, which was announced today, are “very worrying” their supply chain. “That will directly impact manufacturing in this country,” … Read more
Today’s PMQs are expected to focus primarily on a potential windfall tax. “When Boris Johnson comes up today, he better come up with something new because honestly, the British public are running out of patience,” Labour’s shadow environment minister Jim McMahon told. “They must meet Labour where we are because Labour is where the British … Read more
Boris Johnson, the Prime Minister of the United Kingdom, committed on Tuesday to do more to combat growing living costs, with the subject at the forefront of local elections this week. But he again rejected calls for a one-off windfall tax on major energy companies, to offset soaring bills that have squeezed household incomes. Voters … Read more
