Friday, February 03, 2006

Shell oil and UK taxation

So, Shell and other companies continue to own a natural resource. The UK government would have absolutely no inclination to force these obscene profits to be curtailed. Why? Simply the revenue that the UK government ‘earns’. The corporation (?) tax is collosal then on top of that the revenue raised through petrol taxation is huge. Two bites of the cherry! Not bad for a waste product like petrol. Can only be burned. It has absolutely no other use.

See blog entry:

Potatoes, tobacco, petrol and tax


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