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UK chancellor George Osborne eyes tax rate cut on North Sea oil producers in budget

byCustoms Today Report
25/02/2015
in Uncategorized
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LONDON: George Osborne is examining a further cut in the headline tax rate on North Sea oil producers in the budget, a move that would ease the impact of a collapse in crude prices.

The chancellor on Tuesday gave his strongest signal yet of more tax-cutting measures to support the industry, having trimmed the so-called supplementary rate, levied on top of normal corporation tax, in December.

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