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HomeTax

Tax

Big Oil Companies

Navy’s 50-Year Nuclear Safety

September 18, 2024 Andy Del Prado

Daily Standup Top Stories It’s time to follow the Navy’s 50-year safety record of nuclear power generation September 17, 2024 Mariel Alumit Delivery of affordable, abundant, reliable, clean, and emissions-free electricity to customers is very important […]

petroleum crude
Crude Oil News

India scraps windfall tax on petroleum crude

September 17, 2024 Mariel Alumit

Sept 17 (Reuters) – The Indian government has cut the windfall tax on petroleum crude to zero from 1,850 rupees per metric ton, effective from Sept. 18, a notification issued on Tuesday showed. The Indian […]

U.S. retail gasoline prices lower than last year heading into Labor Day
Downstream

OPEC Claims Taxation Is a Severely Underrated Driver of Gasoline Prices

September 17, 2024 Mariel Alumit

OPEC argues that taxes on gasoline are a more significant factor in pump prices than the cost of crude oil. The organization claims developed nations earn more from gas taxes than OPEC does from oil […]

UK
Crude Oil News

UK North Sea Oil Lobby Warns of Investment Slump Due to Windfall Tax Increase

September 1, 2024 Stu Turley

Capital investment to fall to £2.3 billion in 2025-2029: OEUK Almost half of additional output would be uneconomic: OEUK The UK’s new tax regime for North Sea oil and gas could lead to an investment […]

Tesla's Price Cuts
Electric Vehicles

Tesla’s Price Cuts Spark Surge in Used Electric Vehicle Sales

August 28, 2024 Mariel Alumit

Tesla’s price cuts have led to a 70% increase in used EV sales in the first half of 2024. The average price of a used EV has dropped below $30,000, making them more affordable than […]

oil and gas
Crude Oil News

UK oil and gas firms warn of investment risks from windfall tax

August 23, 2024 Mariel Alumit

Firms across the UK’s oil and gas supply chain have raised concerns about the government’s plans to increase windfall taxes and remove investment incentives. In an open letter to HM Treasury, 42 companies warned that […]

Hydrogen
ENB Pub Note

“Green” Hydrogen Subsidies Are 1,900x Larger Than What’s Given To Nuclear

August 13, 2024 Mariel Alumit

ENB Pub Note: Please follow Robert Bryce on his Substack for great commentary and throught leadership in the industry. I have enjoyed my conversations with Robert and he is a great friend to the show. […]

Oil Ministry
Crude Oil News

India’s Oil Ministry Wants Windfall Tax on Petroleum Products Abolished

August 12, 2024 Mariel Alumit

The Indian Oil Ministry has asked the country’s Finance Ministry to consider scrapping the windfall tax on petroleum products due to falling crude oil prices, India’s broadcaster ET Now reported exclusively on Monday, quoting sources. The oil […]

No tax on tips
Finance

‘No tax on tips’: House and Senate Republicans introduce bill to exempt tips from federal income tax

July 11, 2024 Mariel Alumit

The No Tax on Tips Act that would exempt tips from federal income taxes has been introduced in the House and Senate as of Tuesday. Sen. Ted Cruz (R-Texas), joined by Sens. Steve Daines (R-Mont.), […]

Oil and Natural Gas Industry
Crude Oil News

Oil and Natural Gas Industry Contributes $2.42 Billion in Taxes in 2023

June 27, 2024 Mariel Alumit

Casper, Wyo. – The Petroleum Association of Wyoming (PAW) proudly announces that the oil and natural gas industry has made a monumental contribution of $2.42 billion in taxes to the state of Wyoming in 2023. […]

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