|
|
Post by Vinny on Dec 29, 2022 9:44:51 GMT
|
|
|
|
Post by oracle75 on Dec 29, 2022 10:24:13 GMT
I would love to be one of the lawyers and accountants involved in this. Preferably with an off shore account.
You seem fixated with EU issues.
Why?
These are the same issues discussed last year when the UK discussed an energy windfall tax.
|
|
|
|
Post by Vinny on Dec 29, 2022 10:47:25 GMT
This is an EU board, not a Brexit board.
This is an EU issue.
Whilst it doesn't affect me, supporters of the EU may wish to leap to the defence of the EU and criticise Exxon Mobil.
Additionally supporters of Exxon Mobil may wish to defend them against the EU.
Do you support Exxon Mobil or the EU in this case ?
|
|
|
|
Post by Steve on Dec 29, 2022 10:52:37 GMT
IMHO Exxon have a good case FWIW I'm not not good on windfall taxes anyway, they don't give refunds on windfall losses (as in 2020) but any should be by the legal authority and I can't see the EU has that. |
|
|
|
Post by oracle75 on Dec 29, 2022 10:55:05 GMT
This is an EU board, not a Brexit board. This is an EU issue. Whilst it doesn't affect me, supporters of the EU may wish to leap to the defence of the EU and criticise Exxon Mobil. Additionally supporters of Exxon Mobil may wish to defend them against the EU. Do you support Exxon Mobil or the EU in this case ? I never mentioned Brexit. Nor do I have any opinion about this as I am not an expert in international taxation. I have to assume also that you are not. The article said the case hinged on what the word "windfall" means. Perhaps you could write the PTB an email telling them. Finally it doesn't matter who I support, or in fact who you support. The relevant courts will decide. |
|
|
|
Post by Vinny on Dec 29, 2022 10:55:53 GMT
IMHO Exxon have a good case FWIW I'm not not good on windfall taxes anyway, they don't give refunds on windfall losses (as in 2020) but any should be by the legal authority and I can't see the EU has that. Good post. |
|
|
|
Post by oracle75 on Dec 29, 2022 11:00:21 GMT
IMHO Exxon have a good case FWIW I'm not not good on windfall taxes anyway, they don't give refunds on windfall losses (as in 2020) but any should be by the legal authority and I can't see the EU has that. The losses suffered by a company are indeed taken into account by a reduction in year end taxation. This is easily done when a large company has parts which make a loss. This is replicated in the USA and exploited by Trump who sets his profits against his losses and ends up paying no tax. The lack of tax is essentially a refund on losses. |
|
|
|
Post by Steve on Dec 29, 2022 13:03:14 GMT
IMHO Exxon have a good case FWIW I'm not not good on windfall taxes anyway, they don't give refunds on windfall losses (as in 2020) but any should be by the legal authority and I can't see the EU has that. The losses suffered by a company are indeed taken into account by a reduction in year end taxation. This is easily done when a large company has parts which make a loss. This is replicated in the USA and exploited by Trump who sets his profits against his losses and ends up paying no tax. The lack of tax is essentially a refund on losses. But only at the standard Corporation tax rate and not at the enhanced Windfall tax rate. We demand these oil companies keep massive reserves for our benefit at their own expense but then play 'heads I win, tails you lose' with them. Morally bankrupt. |
|
|
|
Post by Vinny on Dec 30, 2022 12:13:04 GMT
These companies are helping to bring down the global market price of oil, making up for the disappearance of Russian fuel in our markets.
That in itself is harming their turnover.
And they do have staff to pay.
|
|
|
|
Post by Montegriffo on Dec 30, 2022 12:18:50 GMT
If I were the EU I would counter sue for the increasing costs of climate change.
Instead of insurance companies having to foot the bill for flood damage or reduced crops due to droughts etc the oil companies should be made to contribute.
|
|
|
|
Post by Vinny on Dec 30, 2022 12:22:08 GMT
Well, seeing as the EU operates a fleet of lorries to service two Parliaments, they're not in a strong position to sue on climate change.
They also liberalised the air travel market to bring down travel costs and increase air tourism, a move that resulted in higher CO2 emissions.
|
|
|
|
Post by Steve on Dec 30, 2022 13:04:44 GMT
If I were the EU I would counter sue for the increasing costs of climate change. Instead of insurance companies having to foot the bill for flood damage or reduced crops due to droughts etc the oil companies should be made to contribute. Why? It's you and me and that man at number 23 etc that are burning it And the EU has no jurisdiction to so sue. |
|
|
|
Post by Montegriffo on Dec 30, 2022 13:13:36 GMT
If I were the EU I would counter sue for the increasing costs of climate change. Instead of insurance companies having to foot the bill for flood damage or reduced crops due to droughts etc the oil companies should be made to contribute. Why? Because it would further raise the price which is to only effective way of reducing consumption. |
|
|
|
Post by The Squeezed Middle on Dec 30, 2022 13:17:18 GMT
IMHO Exxon have a good case FWIW I'm not not good on windfall taxes anyway, they don't give refunds on windfall losses (as in 2020) but any should be by the legal authority and I can't see the EU has that.
Blimey, I agree with Steve.
|
|
|
|
Post by Steve on Dec 30, 2022 14:08:20 GMT
You will get over it, you have before
|
|
