Vermilion Energy Inc. T.VET

Windfall still a discussion

[Abedim15]

https://www.msn.com/en-ie/money/other/changes-made-to-windfall-tax-rules-after-irish-oil-refinery-warned-new-charge-could-force-it-to-shut-down/ar-AA190VEY

[Quintessential1]

WTG Irving! "As a result of this, the Government decided to allow companies subject to the new tax to offset capital expenditure on assets or infrastructure over the last five years against their tax liability. This would reduce the amount of their profits subject to the 75pc tax." GLTA

[stockmarket1]

Ha... awhile back here when this windfall tax was starting,  I said as a generalization that O&G  companies should stop or heavily reduce production. Funny now how it make come to light according to this article. Even though it's not widespread but still.... Someone is speaking up. I still wish all companies should retaliate in that manner. Play their game because in the end

[Abedim15]

they just can't see the forest for the trees so they have to keep moving the goal posts https://www.reuters.com/world/uk/uk-government-expected-offer-energy-companies-windfall-tax-relief-ft-2023-03-24/

[Quintessential1]

It would be better for VET if it said EU and not UK so lets hope te EU is paying attention. It would alos be nice to know if tax pools would be considered as part of capital investment or how much capital investment VET had contributed since 2018.   The Corrib acquistion will most certainly be viewed as capital investment so we can see that outlay of cash coming off of the top if and