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Headline tax rate on UK oil and gas sector to reduce from 50% to 40%, says report

2016-03-24 10:58:00| Offshore Technology

The headline tax rate on the UK's oil and gas sector reduction to 40% from 50% or 67.5% for mature fields could lead to a value increase of up to 20% for new developments and up to 70% for older sites, according to new analysis from GlobalData.

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