North Sea Oil Tax Schemes Exposed

25 August 2016

A new report released by the International Transport Workers Federation (ITF) exposed secret North Sea oil tax schemes used by major producers.

The global union federation reported on “Offshore Oil, Offshore Tax” that North Sea oil production only accounts for 0.7% of all tax receipts collected by the UK government, a big difference from nearly 9% in the mid-1980s.

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