LONDON (Reuters) ? Britain hopes to unlock billions of pounds of investment in its North Sea oil fields by offering energy companies a guaranteed level of tax relief for when they eventually close their oil platforms, a Treasury source said on Friday. Finance minister George Osborne is expected in his March 21 budget to outline a scheme the government believes could attract at least 17 billion pounds ($27 billion) of additional capital investment, the source added. ?
Source: http://blastmytwitter.com/uk-to-pledge-tax-relief-for-oil-shutdowns-source/
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