RE:RE:RE:RE:RE:RE:RE:No Windfall tax on funds divested towards CAPEX!Totally agree which should mean more capex for Germany and France. I imagine some will have to applied to Ireland for the corrib which is outside of the UK but very much a part of the EU for the part of Equinor Ireland they already owned but pushing the sale into next year was a smart move that will give them plenty of time to figure out and negotiate with the Irish government on new drilling and permits and even possiibly those future LNG plans whether they are importing or exporting.
Either way the future is looking rosier for VET and us as shareholders.
GLTY and all
Moemoney42 wrote: I'd say the capex will have to be allocated to the jurisdiction the windfall tax would apply.. those profits in NA and Australia should be exempt..?
As far as Corribe, I think the jury is still out on the exact amount of tax one can expect in each jurisdiction, as well as the capex offset..?