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Windfall taxes on energy companies

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    Windfall taxes on energy companies

    OK, what does the panel think? Justified for a more equitable society, or a socialist tactic destined to cause more harm than good by a bankrupt government with little understanding of business and capitalism?

    Poll to follow
    31
    Yes - they make too much money and it should be shared around
    22.58%
    7
    No - where will it stop? Windfall taxes on IT contractors?
    77.42%
    24
    We don't have to save the world. The world is big enough to look after itself. What we have to be concerned about is whether or not the world we live in will be capable of sustaining us in it.
    - Douglas Adams

    #2
    The later.

    I see the Government does not recognise its own windfall in these hard times. The increased tax take due to increases in all kinds of goods does not seem to be prompting them to reduce tax.
    I am not qualified to give the above advice!

    The original point and click interface by
    Smith and Wesson.

    Step back, have a think and adjust my own own attitude from time to time

    Comment


      #3
      Originally posted by PorkPie View Post
      OK, what does the panel think? Justified for a more equitable society, or a socialist tactic destined to cause more harm than good by a bankrupt government with little understanding of business and capitalism?

      Poll to follow
      The problem with the poll is that it does not establish at what point the windfall tax should be in effect. I agree that companies which have a turnover of £1bn at the expense of the public, should be required to pay windfall tax.... but can see why contractors may be against the idea of windfall tax as it could mean that the government will look at how to levy more tax on contractors.
      If your company is the best place to work in, for a mere £500 p/d, you can advertise here.

      Comment


        #4
        I can't believe people here seem to think a "windfall" tax on profitable companies is good for anyone except the government.

        The billions would be taken and about 10% of it would make it's way into the pockets of the poorest in society. The rest would be squandered and wasted and spent on wars and propping up civil servants pensions and expense claims.

        Comment


          #5
          Every penny would go to "hard working families". Trust me.
          If you've got a problem and no one else can help, and if you can find him, maybe you can hire...Gordon Brown ...( cue music )

          Comment


            #6
            Originally posted by Gordon Brown View Post
            Every penny would go to "hard working families". Trust me.

            Comment


              #7
              I'm against it. The entire concept is un-just, essentially: "You've made a lot of money and we're going to take some off you". I do have an issue in this particular case with companies that profit from the extraction, processing and distribution of resources having their cake and eating it, and this should be regulated. You won't here me say that often!
              Bored.

              Comment


                #8
                Originally posted by The Lone Gunman View Post
                The later.

                I see the Government does not recognise its own windfall in these hard times. The increased tax take due to increases in all kinds of goods does not seem to be prompting them to reduce tax.
                The government is very quiet right now. IMHO they haven't (don't) promote energy effeciency enough. All they know how to do is tax and fine...which is all they are innovative at doing.
                McCoy: "Medical men are trained in logic."
                Spock: "Trained? Judging from you, I would have guessed it was trial and error."

                Comment


                  #9
                  Originally posted by PorkPie View Post
                  OK, what does the panel think? Justified for a more equitable society, or a socialist tactic destined to cause more harm than good by a bankrupt government with little understanding of business and capitalism?

                  Poll to follow
                  What is it about this country that we knock what is successful. If you want someone to blame for the price of petrol look closer at the government rather than Shell or Esso.

                  Most of what we pay at the pumps goes into the coffers of Mr Darling, our petrol before tax is amongst the cheapest in Europe. It is only after the tax is imposed that it becomes the most expensive. Maybe we should impose a windfall tax on the government! but given that is not possible hows about a P45 when the next election comes around.

                  Comment


                    #10
                    I think there is a special case for a windfall tax here, as long as the extra money is directed at pensioners. These gas companies are virtually monopolies and no way can a 35% rise in charges be justified when profits are already 1 Billion pounds.

                    Comment

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