Shell rebate shows government's windfall tax is failing

Responding to the revelations that Shell has received a tax rebate while making £8.2bn profits during the third quarter of this year, Liberal Democrat Treasury Spokesperson Sarah Olney said:

"This shows the government's windfall tax is completely failing.

"It could be raising billions to protect public services and help keep families warm this winter, instead this loophole is boosting the coffers of oil and gas companies.

"The CEO of Shell himself has called for a fairer and more effective windfall tax. The government must urgently fix their failed policy before millions more in vital tax revenue are lost."

ENDS