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Cameron offers councils fracking tax boost

Accountancy Age

LOCAL COUNCILS will be in line for a business tax boost if they allow fracking operations to take place in their areas, the prime minister has confirmed. English local authorities that back fracking will receive all of the business rates collected from shale gas exploration and extraction, rather than the typical 50%. The government claims the initiative will support 74,000 jobs and drive down bills, the BBC reports. Officials…

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