Category: Education

Highlights UK officials introduced a new super tax in order to dissuade energy companies from going for gas profiteering before letting their firms collapse. The new super tax will levy a tax of 75 per cent on the future windfall from energy company shareholders. UK treasury officials introduced a new super tax to dissuade energy company heads from making hefty profits from their attractive gas contracts before letting their firms collapse. The tax, called the public interest business protection tax, will be levied 75 per cent to an energy firm’s shareholders’ future windfall. The new tax move comes amid fears that Ovo Energy’s Stephen Fitzpatrick might liquidate a long-term gas contract and leave the market after making a tidy profit. https://kalkinemedia.com/uk/stocks/industrial/national-grid-ng-sse-should-you-hold-these-energy-stocks