Energy (Oil and Gas) Profits Levy Bill: Clause 1 - Charge to tax (11 Jul 2022)

Caroline Lucas: I am grateful to the hon. Member for giving way—I am intervening on a previous point on which he was intervened on. Is he aware that the 65% tax that the Government are proposing is still below the global average? The figure in Angola is actually higher at 70%, so there is not any real logic to what he is saying. These oil companies are already operating in places where the tax is higher.

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