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In the UK tax regime, the actual net/effective decommissioning cost incurred by oil companies may only be 25% - 60% of the gross/headline figure, with
In the UK tax regime, the actual net/effective decommissioning cost incurred by oil companies may only be 25% - 60% of the gross/headline figure, with the government effectively incurring the remaining cost through tax reliefs to the oil companies. True or False
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