KRT18T North Sea, Oil production with platforms. Aerial view. Brent Oil Field. – Martin Langer/Alamy Stock Photo The North Sea’s biggest oil producer has warned it will be forced to cut staff an...
Tag: windfall
What Can I Do to Avoid Taxes on a Big Cash Windfall?
how to avoid taxes on a large sum of money A financial windfall is something to celebrate. But if you don’t play your cards right, the government will expect a major portion of the cash. The good news...
Google bonus delay offers lesson in windfall spending
A pedestrian strolls on the Google campus in Mountain View, California, on Jan. 27, 2022. David Paul Morris/Bloomberg via Getty Images Change to bonuses addresses 2023 uncertainty Google employees who...
FTX $5 Billion Windfall Unlikely to Benefit Customers
FTX’s lawyers have reportedly recovered $5 billion, but divested customers could still end up at the back of the queue. According to Adam Landis, an attorney at FTX’s legal counsel Sullivan & Crom...
Shell to Pay $2 Billion in Windfall Taxes. Why the Stock Is Rising.
Shell Europe’s largest oil and gas company, said it will have to pay about $2 billion in additional taxes in the fourth quarter, but still sees strong earnings from natural gas trading for the period....
ExxonMobil Sues Europe Over Whether Its New ‘Windfall Profits’ Tax Is Really A Tax
Brussels, BELGIUM: A view of the Berlaymont building, headquarters of the European Union Commission. … [+] AFP PHOTO / DOMINIQUE FAGET (Photo credit should read DOMINIQUE FAGET/AFP via Getty Ima...
Bitcoin Price Bounces Off $16,300, The Reason Is A Windfall
The Bitcoin price slipped further yesterday, falling below the $16,300 level. At $16.285, BTC reached a price last recorded on November 29. However, a surprising windfall occurred when the Bank of Jap...
Apple to allow third-party app stores in windfall for NFTs and crypto
Tech giant Apple is gearing up to permit third-party app stores on its devices to comply with new anti-monopolistic requirements from the European Union (EU), which could be seen as a huge win for cry...
Total pulls investment from North Sea in response to Sunak’s windfall tax
Total gas platform – ANDY BUCHANAN/AFP French oil giant TotalEnergies has become the first major North Sea operator to cut investment as a direct result of Rishi Sunak’s windfall tax. The ...
Elon Musk’s Twitter Buyout Was A Billion Dollar Windfall For These 13 Hedge Funds
Wall Street billionaires Carl Icahn, Ken Griffin, Israel Englander and Daniel Loeb can thank Elon Musk for what might be 2022’s easiest money trade. For many hedge funds, Elon Musk’s $44 billion “forc...
Biden’s “Windfall Profits Tax” On Oil Companies Would Give Voters What They Want—And That’s The Problem
WASHINGTON, DC – OCTOBER 31: U.S. President Joe Biden delivers remarks on oil company profits in the … [+] Roosevelt Room of the White House on October 31, 2022 in Washington, DC. Biden is...
BP hit with windfall tax as profit more than doubles to $8.2bn
Falling oil prices hit Shell in the third quarter of the year, but investors will want to see for themselves on Tuesday whether BP will also post massive profits regardless. Experts are definitely exp...
President Biden just accused oil companies of ‘war profiteering’ and threatened them with a new windfall tax. Will it help with gas prices?
‘They ain’t seen nothing yet’: President Biden just accused oil companies of ‘war profiteering’ and threatened them with a new windfall tax. Will it help with gas prices?...
Biden raises prospect of windfall tax on oil companies
President Joe Biden waves before boarding Air Force One at Delaware Air National Guard Base – AP Joe Biden is to raise the possibility of a windfall tax on energy companies in a speech to Congre...
Trick Follows Treat For Big Oil As Biden Pushes New Tax On Windfall Profits
Biden voted early with granddaughter Natalie on October 29, in Wilmington, Delaware. AFP via Getty Images Big Oil is accustomed to politicians tagging them as the bogeyman. But a presidential condemna...
Small Muni Issuers See A Potential 620% Windfall For Their Taxpayers
Currently pending before the Senate, the Financial Data Transparency Act (S. 4295 – “FDTA”) is legislation taking financial reporting by companies and municipalities to the next level. It ushers in th...
How Putin’s Invasion Of Ukraine Produced A Windfall For Enviva’s Wood Pellets Business
Environmentalists have doubts, but John Keppler’s faith in the energy source is rewarded by European customers willing to pay top dollar. On a crisp North Carolina morning, an eastern pine forest is b...
Last Twenty Years Clarifies Call For Windfall Profits Tax.
Senator Bob Dole (Republican – Kansas) proposed a windfall profits tax tied to inflation circa 1980. Bettmann Archive When profits reported by oil and gas companies are big, they can be really b...
Low-Cost Housing Magnates Reap Windfall From Surging Demand For Affordable Homes In The Philippines
This story appears in the August 2022 issue of Forbes Asia. Subscribe to Forbes Asia NA This story is part of Forbes’ coverage of Philippines’ Richest 2022. See the full list here. Low-cost housing ma...
Boeing 787 deliveries could mean a $17 billion windfall: Morgan Stanley
Boeing could be poised to see a big financial boost as it regains the authority to deliver 787 jets. Morgan Stanley Analyst Kristine Liwag estimated that Boeing may realize $17 billion in sales from t...
Broadway Theater Owners Stand To Make Less Of A Windfall After Zoning Rule Change
Atmosphere outside the Majestic Theatre on April 08, 2020 (Photo by Jamie McCarthy/Getty Images) Getty Images Even the cost of air on Broadway is more expensive now. In 1998, New York City’s Departmen...
Petrobras Unveils $17 Billion Dividend Windfall on Oil Rally
(Bloomberg) — Petroleo Brasileiro SA announced a massive dividend payment after surging oil prices boosted cash generation in the second quarter, rewarding investors that looked past the politic...
ECB to discuss blocking banks from multibillion-euro windfall as rates rise
The European Central Bank is looking at ways to stop banks earning billions of euros of extra profit from the ultra-cheap lending scheme it launched during the pandemic once it starts to raise interes...
Serica Energy reassures on impact of UK windfall tax
Serica Energy has sought to reassure investors that it can use incentives built into the UK’s new windfall levy on North Sea oil and gas producers to reduce its tax bill, following a steep drop in its...
Biden Administration Considers A Windfall Tax On Oil And Gas Profits
The Biden administration is considering a proposal to tax oil and gas windfall profits to provide a gas subsidy for American consumers struggling with high energy prices, said Bharat Ramamurti, deputy...
UK Oil Windfall Tax Prompts BP to Review Investment Plans
(Bloomberg) — BP Plc said it will look again at its plans in the UK, raising questions about whether a £5 billion windfall tax on oil and gas profits announced by the government included enough ...
Putin May Collect $321 Billion Windfall If Oil and Gas Keep Flowing
(Bloomberg) — Russia’s economy has staggered through the first full month of the war with Ukraine but it may yet emerge with a sparkling balance sheet if some of its biggest trade partners don’t...