Windfall taxes “hurt consumers”, warns IEA spokesperson
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Annabel Denham referenced in City AM
Annabel argued:
“They [windfall taxes] hurt consumers by stifling competition: while incumbents must put up with the tax regime, new entrants can divert their efforts elsewhere. And they risk a decline in investment, given few investors will put funds towards an industry that is subject to an unstable tax policy.”
Read the full article here.