Tax breaks for Tory donors....nowt new there! On Wednesday the - TopicsExpress



          

Tax breaks for Tory donors....nowt new there! On Wednesday the chancellor announced that the charge on oil firms’ profits would be reduced from 32% to 30%, as well as other measures to help investment in the industry. The moves, which follow intensive lobbying by the oil sector and were welcomed by company executives, will cost the Treasury £470m over the next parliament. In total, the Conservative party has received more than £2.5m since 2010 from donors associated with the oil industry. These include Amjad Bseisu, chief executive of EnQuest Oil; Alexander Temerko, director of Offshore Group Newcastle; and Ian Taylor, chief executive of Vitol, all of whom dined with senior ministers as part of the exclusive Conservative party Leaders Group in the summer. Such gatherings allow donors who give at least £50,000 to the party to socialise with senior ministers, including David Cameron, Osborne and others.
Posted on: Sun, 07 Dec 2014 09:19:07 +0000

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