Should the Government impose windfall taxes on the RIP OFF fuel and energy companies?

Question

and pass the savings onto the us?

I know they won't but should they?

Answer 1

When did a Labour government ever pass on savings to the taxpayer???? They are still paying billions to the Brussels criminals so we are unlikely to see any of it if they did. What I would like to see is a large tax on foreign energy and utility companies that are ripping us off and taking our money out of the country.

Answer 2

Only if it goes towards lowering the price of petrol for consumers.

Otherwise it's going to be yet another tax grab by the gobment.

Answer 3

Yeah they should, and perhaps then British Gas wouldn't try to impose rises of 35% on us....

Answer 4

What about the Rip Off Government, who put Tax & VAT, on our Fuel & Energy bills,

50p is Tax on a Litre of Fuel, ( put on by the British Government, nothing to do with the Credit Crunch )

We are Taxed to death in this Country,

Answer 5

they are to scared to stand up to the likes of Saudi Arabia and their oil rich neighbours for fear that they might turn off the tap of greed, we should instead turn of the tap of the subsidies to the EU, and also pull out of funding this forthcoming White elephant known as the Olympic games, get our own house in order reduce our population by repatriating all the unwanted and unneeded immigrants, only cherry pick who we need, if and when we get straight then have a rethink,

Answer 6

The Government of the day is ineffective on many fronts . They have given over the administration in many a local office to people with Foreign degrees that we now know could have been bought for money. Forgeries . The massive rise in Gas prices will also increase their VAT revenue . Why will they want to do anything but collect their increased share of the spoils.

Answer 7

Prices will only go up to make up for the loss... either way, we'd end up paying for it!

Answer 8

Yes they should , and the 1st one they want to tax are rip off BRITISH GAS  35% rise in gas prices ... 9 % on Electric  are they taking the p**s or what

Come the revolution !!!

Answer 9

wow! yes good thinking

Answer 10

no - they should not.  Sorry but 8% profit is nothing out of the ordinary in the business world and it would be a one time deal.  once the investors see they wont be getting any return on their investements they will pull funding, and then watch how fast your gas price goes up.

Answer 11

No we the public should declare war on these profiteering bast*rds.A windfall tax is just a way of transfering money from one set of thieves to an even bigger set of scumbags.Desperate times require desperate measures and if nothing is done we are the ones to blame because we allowed the sons of b*****s to get away with it

Answer 12

Considering that the ROI (Return On Investment) for these companies is less than 8% - all you would be doing is driving investment to more profitable areas.

Are you aware that the Federal and state governments each make more money off of each gallon of gasoline than the oil companies?

Answer 13

You've got it backwards, they run the government.

"Give me control of a nation'a money supply and I care not who makes it's laws." -Mayer Rothschild

Answer 14

Businesses don't lower their earnings when they pay taxes. If you raise their taxes with a windfall profits tax they will raise their prices to compensate for the loss. The US currently has the highest tax rate for businesses in the world. It's just another reason they go elsewhere to manufacture their products.