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The content originally appeared on: CNN London (CNN Business)The UK government is introducing a ?5 billion ($6.3 billion) tax on the windfall profits of its oil and gas companies, bowing to pressure from campaigners to raise money to help millions of people struggling with the worst cost-of-living crisis in decades. Finance Minister Rishi Sunak unveiled the new 25% tax on the profits of energy producers such as BP (BP) and Shell (RDSA) on Thursday. The levy will be phased out […]
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