UK to Raise Tax Support

摘要

The UK government plans to raise the lev-el of tax support for some North Sea fields tohelp offset the impact of an earlier tax hikeon North Sea profits that the oil industry haswarned could wreck investment.The Treasury announced on Tuesday thatit will raise the annual rate of ring fence ex-penditure supplements (RFES) from 6% to10% to help North Sea operators developingsmaller, less profitable fields that qualify forthe existing field allowance. It also said itwill continue to engage with oil and gasfirms on the case for new categories of field.