Category : Search result: oil taxes


NZ reverses fossil fuel ban amid climate concerns

In a controversial move, New Zealand’s government has voted to reintroduce fossil fuel exploration, overturning a 2018 ban. Critics warn of environmental consequences, while supporters highlight economic benefits.

Trump slams Starmer's North Sea oil tax plans

Former US President Donald Trump has criticised Labour leader Keir Starmer's proposed tax hikes on North Sea oil, warning they could cripple Britain's energy sector and push prices higher for consumers.

Honolulu sues Chevron, Exxon over climate costs

The city of Honolulu has filed a lawsuit against major oil companies, including Chevron and ExxonMobil, seeking damages for climate change-related costs. The legal battle could set a precedent for future environmental litigation.

Reeves: Tough choices ahead after IMF tax warning

Shadow Chancellor Rachel Reeves highlights the IMF's call for potential tax increases to safeguard public services, stressing the need for fiscal responsibility amid economic challenges.

IRS launches free bilingual tax filing system

The US Internal Revenue Service (IRS) has introduced a free online tax filing system in English and Spanish, marking a major shift in accessibility. Here’s how it works and who qualifies.

Labour tax raid could trigger mass job cuts

Shadow Chancellor Rachel Reeves faces backlash as experts warn her proposed tax hikes could devastate businesses and lead to widespread job losses across the UK.

UK firms cut jobs at fastest rate since February

British businesses are cutting jobs at the fastest pace since February, driven by rising taxes and US tariffs, according to a new PMI survey. Explore the impact on the UK economy.

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