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Post by Deleted on Oct 31, 2022 3:47:20 GMT
There is already a windfall tax.. Perhaps we need a windfall tax on the windfall tax..  A windfall tax on the windfall tax would mean the government would have to pay and by extension we would pay again, as they received the windfall tax. |
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Post by Deleted on Oct 31, 2022 6:49:59 GMT
Perhaps we simply need a more effective windfall tax with fewer loopholes. They are not loopholes - they are "incentives for investment." Is that what they call it now? lol |
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Post by Pacifico on Oct 31, 2022 7:41:44 GMT
They are not loopholes - they are incentives for investment. Of course if you believe we dont need any investment to expand energy supplies.... They didn't need them before the Ukraine war shot the price up. No - because the government policy then was for us to be dependent on foreign sources of energy. The invasion Ukraine showed how misguided that policy was. |
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Post by Pacifico on Oct 31, 2022 7:42:59 GMT
There is already a windfall tax.. Perhaps we need a windfall tax on the windfall tax.. A windfall tax on the windfall tax would mean the government would have to pay and by extension we would pay again, as they received the windfall tax. Of course you pay - who do you think pays for government spending. It's only people who have money. |
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Post by Deleted on Oct 31, 2022 9:08:37 GMT
A windfall tax on the windfall tax would mean the government would have to pay and by extension we would pay again, as they received the windfall tax. Of course you pay - who do you think pays for government spending. It's only people who have money. I know who pays for government spending, I was querying your idea of taxing the windfall tax. |
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Post by zanygame on Oct 31, 2022 20:26:49 GMT
They didn't need them before the Ukraine war shot the price up. No - because the government policy then was for us to be dependent on foreign sources of energy. The invasion Ukraine showed how misguided that policy was. That, in know way addresses my point. The oil companies did not require the inflated prices caused by the Ukraine invasion as an incentive before that invasion, so they don't need such an incentive after that invasion. How misguided our government was in relying on foreign energy is academic to this. I do not think anyone should deliberately profit from war, so I think those unexpected profits should be used to help those British citizens affected by that invasion. |
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Post by Pacifico on Oct 31, 2022 22:16:46 GMT
No - because the government policy then was for us to be dependent on foreign sources of energy. The invasion Ukraine showed how misguided that policy was. That, in know way addresses my point. The oil companies did not require the inflated prices caused by the Ukraine invasion as an incentive before that invasion, so they don't need such an incentive after that invasion. How misguided our government was in relying on foreign energy is academic to this. I do not think anyone should deliberately profit from war, so I think those unexpected profits should be used to help those British citizens affected by that invasion. No, you have it totally wrong (as usual). Before Ukraine it was Government policy to import foreign sources of energy, that has now been shown to be a flawed policy. To encourage more domestic production the allowance was built into the windfall tax - the energy companies do not have to take any notice of that of course. If they dont invest then they pay the windfall tax - however if they choose to expand domestic production then they now have an added incentive. It's a win-win for everyone. |
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Post by totheleft3 on Oct 31, 2022 22:53:40 GMT
Let's get this right if the energy companies invest they wont pay windfall tax.
And you say there no loopholes. Seeing there already investing the profits the windfall tax wont make any difference
Big energy companies are investing the equivalent of 5% of their record profits in green projects, an exclusive Channel 4 News analysis has reveale.
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Post by Pacifico on Oct 31, 2022 22:56:03 GMT
Let's get this right if the energy companies invest they wont pay windfall tax. And you say there no loopholes. Seeing there already investing the profits the windfall tax wont make any difference Big energy companies are investing the equivalent of 5% of their record profits in green projects, an exclusive Channel 4 News analysis has reveale. but we want more investment - the current level has led us into the dire position we are in today.. |
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Post by totheleft3 on Oct 31, 2022 23:19:16 GMT
Yes I agree if it leads to more investment green energy.
Yet many tories on here snigger at keir green plan when I posted about it on the old board
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Post by dodgydave on Nov 1, 2022 1:09:09 GMT
Yes I agree if it leads to more investment green energy. Yet many tories on here snigger at keir green plan when I posted about it on the old board That's because all his figures are based on lies. Like the £37b test and trace lie, the £180b energy profits lie, the £50b Bank of England bail out lie. This has been Labour's MO in opposition, keep repeating any old shite until people believe it, and people like you fall for it hook and sink. You need to open your eyes and see that all the sides are full of shit, and they get away with because people's bias stops them questioning their own party. There is no scrutiny of Starmer's plans right now, but come GE time I suspected his costings are going to get a roasting by economists, because you cannot make something from nothing. |
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Post by zanygame on Nov 1, 2022 7:13:42 GMT
That, in know way addresses my point. The oil companies did not require the inflated prices caused by the Ukraine invasion as an incentive before that invasion, so they don't need such an incentive after that invasion. How misguided our government was in relying on foreign energy is academic to this. I do not think anyone should deliberately profit from war, so I think those unexpected profits should be used to help those British citizens affected by that invasion. No, you have it totally wrong (as usual). Before Ukraine it was Government policy to import foreign sources of energy, that has now been shown to be a flawed policy. To encourage more domestic production the allowance was built into the windfall tax - the energy companies do not have to take any notice of that of course. If they dont invest then they pay the windfall tax - however if they choose to expand domestic production then they now have an added incentive. It's a win-win for everyone. It would only be a win win if the money had to be invested in both green and local gas exploration. But its not, there is nothing to make them do so, that's just you wishful thinking. |
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Post by The Squeezed Middle on Nov 1, 2022 7:22:25 GMT
Funny how so many want to punish profit. I wonder how many of them have private pensions which will be partly invested in the shares and bonds of the very same companies that they wish to tax to the hilt? Won't somebody think of the pensioners? |
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Post by Pacifico on Nov 1, 2022 7:37:48 GMT
No, you have it totally wrong (as usual). Before Ukraine it was Government policy to import foreign sources of energy, that has now been shown to be a flawed policy. To encourage more domestic production the allowance was built into the windfall tax - the energy companies do not have to take any notice of that of course. If they dont invest then they pay the windfall tax - however if they choose to expand domestic production then they now have an added incentive. It's a win-win for everyone. It would only be a win win if the money had to be invested in both green and local gas exploration. But its not, there is nothing to make them do so, that's just you wishful thinking. That is precisely the point - it is invested in energy production in the UK. If not they pay the windfall tax. |
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Post by zanygame on Nov 1, 2022 7:39:29 GMT
Funny how so many want to punish profit. I wonder how many of them have private pensions which will be partly invested in the shares and bonds of the very same companies that they wish to tax to the hilt? Won't somebody think of the pensioners? I don't want to punish profit. I run a business. I want people not to make excess profits from a war. I note you keep dodging that. |
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