U.K. operators fight climate- change tax levy

The U.K. Offshore Operators Association told the government its proposed climate-change levy would fail to reduce greenhouse gas emissions as intended while hitting the energy industry hard. Following a Department of the Environment consultation paper in February, H.M. Customs and Excise drew up a plan to impose a tax on energy users aimed at reducing overall energy use as a means of reducing emissions. Ukooa said the taxation plan proposals ignore the findings of the environment department's earlier consultation and "compare poorly with Treasury's general tests of good taxation." The operators complain that the proposals would have limited effect at a high cost. Uko...

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