GOP Pushes Tax Bill in Senate Featuring Billions in Oil Industry Perks
As GOP Tries to Pass Tax Bill, Senate Includes Billions in Benefits for Oil Industry As the Senate works this week to pass major legislation that would slash taxes, climate programs and government spending, Republicans are poised to include billions of dollars in benefits for the oil and gas industry. The new oil-targeted tax changes […]
Revised Petroleum Resource and Rent Tax Expected to Generate $4 Billion Less Than Initially Projected
Reworked Petroleum Resource and Rent Tax raising $4 billion less than first thought The tax on oil and gas profits is expected to raise $4 billion less than the government forecasted when it first announced a rework of the tax in 2023. Last year Treasurer Jim Chalmers amended the Petroleum Resource Rent Tax, which applies […]
UK to Revamp Oil and Gas Windfall Tax System Post-2030
UK to overhaul oil and gas windfall tax regime after 2030 The UK Government has announced plans to reform its windfall tax regime on oil and gas producers once the current levies expire in 2030. The government aims to transform the North Sea into a renewables hub, focusing on clean energy sources alongside existing oil […]
Natural Gas and Oil Sector Boosts Benefits in West Virginia | WV News
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Both of Vermont’s Senators Are Joining the Finance Committee: What’s Next?
Both of Vermont’s senators will join the finance committee. What now? Both of Vermont’s senators, Peter Welch and Bernie Sanders, have been chosen to join the U.S. Senate Finance Committee in the 119th Congress. The committee’s jurisdiction is defined by subject matter — not by agency or Department. Because of its broad subject matter, the […]
5 Savvy Strategies for Making the Most of Your Year-End Bonus
5 smart ways to use a year-end bonus Are you expecting a year-end bonus? If so, you’re probably dreaming up all the ways you could spend that windfall. The average bonus was $2,447 in December 2023, according to payroll company Gusto. That’s a sizeable chunk of change — one that could put you in a […]