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Tax Break for UK Shale Industry

Date:
July 19, 2013
Source:
Reuters / Powered by NewsLook.com
Summary:
The British government is hoping to create the world's most generous shale tax regime, slashing the tax on income on shale production from 62 percent to 30 percent. It's hoped the incentive will help lower energy bills by reducing the country's reliance on natural gas imports. As Kirsty Basset reports, the government is also insisting on benefits for affected communities to placate environmental concerns about fracking.
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