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Do oil companies really need $4 billion per year of taxpayers' money?

2016-08-07 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: What would happen if the federal government ended its subsidies to companies that drill for oil and gas? The American oil and gas industry has argued that such a move would leave the United States more dependent on foreign energy. Many environmental activists counter that ending subsidies could move the United States toward a future free of fossil fuels helping it curtail its emissions of heat-trapping carbon dioxide into the atmosphere. Chances are, it wouldnt do much of either. In...

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White House economists say US coal program costing taxpayers

2016-06-22 11:08:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A US program meant to encourage coal mining on federal land is open to industry abuse and costs taxpayers billions of dollars in lost revenue every year, a White House study to be released on Wednesday concluded. Roughly 40 percent of US coal comes from federal land and taxpayers are being short changed on those sales due to lax oversight and permissive royalty rules, according to the report from the White House Council of Economic Advisors. "The program has been structured in a way that misaligns...

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Taxpayers 'lost 97m' calling HMRC

2016-05-25 01:05:40| BBC News | Business | UK Edition

Taxpayers who were forced to wait for up to an hour when phoning HM Revenue and Customs lost the equivalent of 97m last year, the NAO finds.

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UK CMA report finds increase in on-rail competition could benefit passengers and taxpayers

2016-03-09 01:00:00| Railway Technology

A report from the Competition and Markets Authority (CMA) in the UK revealed an increase in on-rail competition can result in benefits for passengers and taxpayers.

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Taxpayers 'unaware' of key tax changes

2016-03-04 01:01:09| BBC News | Business | UK Edition

A House of Lords committee says most taxpayers are unaware of important and imminent changes to the taxation of savings and dividends, because of poor HMRC communication.

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