OPINION

Slugcatcher on a government tax truce (more oil beats more tax revenue)

BIG oil makes a big tax target. That’s one way of looking at the super profits reported last week by the world’s biggest oil companies, though Slugcatcher believes that governments will not hit oil with bigger taxes because they need the oil more than the revenue.

Slugcatcher
Slugcatcher on a government tax truce (more oil beats more tax revenue)

What's likely to develop after last week's record quarterly profits from Shell, Exxon and Chevron (with BP to come) is an uneasy truce even as some activists agitate for tax increases to skim the cream...

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