RE:RE:RE:RE:RE:Windfall taxMoemoney42 wrote: If the tax is introduced for 2022 they will have the Corribe acquisition to counter those profits.. as previously mentioned by someone here.. Europe would be foolish to impose a "windfall tax" on a sector they need to have invest in production desperately.. I'm sure the industry players in Europe will table this fact and pose it this way.. if you want to be reliant on outside production/factors for energy security, like the mistake you made with Russia, then I'd suggest you stop the talk of gutting the profits of the companies best positioned to end that reliance.. and remind them of why they're in this position in the first place..!!!!
I am not sure how things will play out for 2022. After all VET had significant hedges on their own production of nat gas in Europe . The other 36.5% of Corrib being purchased from Equinor belongs to VET in the sense that the income snce Jan 1 is being deducted from the settlement price , yet who is the taxable entity ?