U.S. officials are brewing to increase taxes on high -profit oil companies, and American Petroleum Research Institute: It will only scare investors!

Author:Global Times Time:2022.06.16

[Global Times Comprehensive Report] With the rise of international oil prices and a huge profit for large oil companies, the United States intends to tax on high profit for oil companies. Reuters said on the 15th that Huai Deng, chairman of the US Congress Senate Finance Committee, is brewing relevant legislation to impose a 21%tax rate for high profit companies with annual revenue of more than $ 1 billion. Previously, the proposal of Congress on high profit for oil companies was based on oil prices as the benchmark, and Huaideng plans to use corporate profits as the benchmark. It is reported that the additional tax rate of 21%does not contain income tax paid by enterprises.

US President Biden said on the 14th that the profit of American refining companies' record is "unacceptable" and will hold an emergency meeting in the next few days. Biden also said last week that the oil company had 9,000 drilling permits but did not mining. ExMobil's profit in the first quarter of this year reached 5.5 billion US dollars, with revenue growth of 52.4%to $ 87.7 billion.

In response to the "taxation style" blown out by the government, the US Energy Industry's major lobbying institutions in the United States Oil Research Institute refute that the focus of policy makers should be kept on improving energy supply, and tax increases will only scare away the energy industry when they need investment. investor. (Zhen Xiang)

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