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Car sales increase sales tax revenue in California

2013-07-19 03:35:25| Auto Dealers - Topix.net

According to the California Board of Equalization, sales tax revenue collected in June was approximately $268.8 million above the projected revenue last year.

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United Kingdom: Fracking: tax breaks raise questions over agenda for tackling climate change

2013-07-19 01:57:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Providing tax breaks to the frackers can be justified by the government as a way of trying to develop an industry that could eventually provide Britain with lower-cost and lower-carbon energy if all goes fantastically well. In the US, the shale "revolution" has cut natural gas prices by almost 75% and allowed a reduction in carbon emissions as gas has displaced coal in the generation of electricity. But that coal has been exported to Britain and Germany to be burned over here. A new domestic...

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George Osborne unveils 'most generous tax breaks in world' for fracking

2013-07-19 01:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: George Osborne has infuriated environmentalists by announcing big tax breaks for the fracking industry in a bid to kickstart a shale gas revolution that could enhance Britain's energy security but also increase its carbon emissions. The Treasury has set a 30% tax rate for onshore shale gas production. That compares with a top rate of 62% on new North Sea oil operations and up to 81% for older offshore fields. So far, no shale gas has been produced in Britain, but exploratory drilling is under...

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Tax cut for shale gas firms planned

2013-07-19 01:08:25| BBC News | Business | UK Edition

The government outlines plans to give tax breaks to companies involved in the UK's shale gas industry, but faces criticism from environmentalists.

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UK announces huge tax breaks for fracking firms

2013-07-19 01:00:00| Hydrocarbons Technology

The UK Chancellor of the Exchequer George Osborne has announced an unprecedented tax break for the fracking industry in an effort to increase Britain's energy security.

Tags: tax huge firms breaks

 

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