Windfall taxes: good politics, tricky policy

Contributing sentiments towards policy:

50% : This week, BP, which is the third-largest oil and gas producer in the North Sea, said its UK business expected to pay about $2.5bn in taxes in 2022, including about $800mn under the new levy.
47% : Worldwide, BP paid $5bn in taxes in the third quarter at an average tax rate of 37 per cent, he adds.
44% : "I get that governments have a very difficult challenge right now," he says, "but really we are just focused on trying to invest and pay taxes."
35% : The risk of companies relocating their headquarters to avoid taxation would be lower than people think, he argues, adding that double taxation treaties could be used to prevent any group paying tax twice on the same profits.
33% : Everyone seems to be hurting -- everyone, that is, except oil companies.

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