Take care over windfall taxes

Milne, Roger
August 2008
Utility Week;8/8/2008, Vol. 29 Issue 15, p25
Trade Publication
The article talks about windfall tax issues. The assumption is that the proceeds from any windfall tax would go to help the fuel poor. In recent times, windfall taxes have been levied twice. First, to clobber exorbitant bank profits and second, in 1997, when the incoming Labour government cracked down on the utility sector in general on the reasonable grounds that shareholders had done nicely. Companies are taking more responsibility and ownership of issues as the Environmental Agency moves towards operator self-monitoring and risk-based regulation.


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