Pic by Lorenzo Dalberto/Deadline..The First Minister announced today proposals to change how North Sea oil and gas companies are taxed..The announcement follows the Budget set earlier this year by Chancellor George Osborne, in which he announced £2b worth of new taxes on the windfall profits of oil companies..Oil and Gas UK, the trade association representing offshore companies, has claimed the windfall tax will cost the industry as much as £50bn over the next 10 years...Pic shows First Minister Alex Salmond at a press conference at Bute House in Edinburgh where he made the announcement....
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