Yup. I covered this a while back. Once you divide those 'obscene' £1 bn profits by several million shareholders, or indeed by several million customers it's a couple of £100 per person/household.
Did you suss out how much extra tax the UK based oil companies have collected or paid as a result of price spikes yet? The ASI said £8 billion BTW.
I've said the same thing myself to people who think windfall taxes are a good idea. Finding out where your superfund/pension is invested and whether you are indirectly a shareholder yourself might be a smart move before joining in calls for a windfall tax. Even if it's not affected the energy companies will increase prices or hold them at a higher level slightly longer to make up for the tax.
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Yup. I covered this a while back. Once you divide those 'obscene' £1 bn profits by several million shareholders, or indeed by several million customers it's a couple of £100 per person/household.
Did you suss out how much extra tax the UK based oil companies have collected or paid as a result of price spikes yet? The ASI said £8 billion BTW.
Gordon Brown isn't averse to raiding people's pensions though.
I've said the same thing myself to people who think windfall taxes are a good idea. Finding out where your superfund/pension is invested and whether you are indirectly a shareholder yourself might be a smart move before joining in calls for a windfall tax. Even if it's not affected the energy companies will increase prices or hold them at a higher level slightly longer to make up for the tax.
Bottom line, everybody pays windfall taxes.
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