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Previously on "Oil prices drop to 4 year low"

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  • Zero Liability
    replied
    Quick, ramp up the QE!

    Leave a comment:


  • tomtomagain
    replied
    Originally posted by VectraMan View Post
    Which means 300% tax. Imagine if income was taxed at 300%.
    I'm imagining not going to work.

    Still if it was 300% I'd expect we'd have some decent trains.

    Leave a comment:


  • tomtomagain
    replied
    Originally posted by scooterscot View Post
    Indeed, especially when you can go to a non-oil producing place like Tenerife and actually pay a lot less for fuel.

    75% tax on a commodity that's necessary for which the majority shall use to take them to their place of work and back. There's something rather cynical about that I just can't quite put my finger on.

    Remember the next time during that commute to the office, 75% of the cost of that journey was earnings for the tax man.
    But that's not all they take ... obviously they tax the producers at source. The 75% rate is just for the consumers.

    But the UK is not alone. Most European countries tax around that rate.

    Leave a comment:


  • scooterscot
    replied
    Originally posted by The Spartan View Post
    A shocking amount indeed.
    Indeed, especially when you can go to a non-oil producing place like Tenerife and actually pay a lot less for fuel.

    75% tax on a commodity that's necessary for which the majority shall use to take them to their place of work and back. There's something rather cynical about that I just can't quite put my finger on.

    Remember the next time during that commute to the office, 75% of the cost of that journey was earnings for the tax man.

    Leave a comment:


  • VectraMan
    replied
    Originally posted by tomtomagain View Post
    About 75% of the pump price is tax.
    Which means 300% tax. Imagine if income was taxed at 300%.

    Leave a comment:


  • Paddy
    replied
    Originally posted by fullyautomatix View Post
    The pump prices are probably hitting a new high. Not seem much price movement there. The old chestnut about prices at pump determined by prices at time of some put option or something.

    On another note, if Labour was in power, we would have seen about 50P hike in fuel duty by now.
    It's probably due to ISIS flogging of stolen oil for 35$ a barrel.

    Leave a comment:


  • The Spartan
    replied
    Originally posted by tomtomagain View Post
    About 75% of the pump price is tax.
    A shocking amount indeed.

    Leave a comment:


  • tomtomagain
    replied
    Originally posted by scooterscot View Post
    How much of the fuel is a tax take? I forget, but let's charge VAT on that anyway.
    About 75% of the pump price is tax.

    Leave a comment:


  • scooterscot
    replied
    How much of the fuel is a tax take? I forget, but let's charge VAT on that anyway.

    Leave a comment:


  • fullyautomatix
    started a topic Oil prices drop to 4 year low

    Oil prices drop to 4 year low

    The pump prices are probably hitting a new high. Not seem much price movement there. The old chestnut about prices at pump determined by prices at time of some put option or something.

    On another note, if Labour was in power, we would have seen about 50P hike in fuel duty by now.

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