Tax On UK Gas Production

Centrica is a multinational energy company that produces and sells more natural gas in the United Kingdom than any other energy company. Like all multinational companies it does not like paying tax, a feature that it shares with almost everyone on this planet. Most of us dislike paying tax, not because we feel that we should not contribute to the greater good of our society or pay for services that we and others use, but because we have a feeling, frequently supported by evidence, that governments waste much of the money that taxpayers provide. I suspect Centrica shares none of these feelings; for them tax is simply an expense that limits profits.  Continue reading