{"id":91960,"date":"2026-04-28T09:25:55","date_gmt":"2026-04-28T08:25:55","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=91960"},"modified":"2026-04-28T09:25:55","modified_gmt":"2026-04-28T08:25:55","slug":"tax-now","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/04\/28\/tax-now\/","title":{"rendered":"Tax, now"},"content":{"rendered":"<p>As <a href=\"https:\/\/www.theguardian.com\/business\/live\/2026\/apr\/28\/bp-profits-double-iran-war-oil-price-stock-markets-live-updates?utm_term=69f0584783c7208aed0fd1c026f08629&amp;utm_campaign=BusinessToday&amp;utm_source=esp&amp;utm_medium=Email&amp;CMP=bustoday_email\" target=\"_blank\" rel=\"noopener\">The Guardian has noted<\/a> this morning:<\/p>\n<blockquote>\n<p class=\"dcr-130mj7b\">The Iran war has helped\u00a0<a href=\"https:\/\/www.theguardian.com\/business\/bp\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">BP<\/a>\u00a0to double its profits in the first quarter of this year, its latest financial results show.<\/p>\n<p class=\"dcr-130mj7b\">The oil major has just reported that it made a profit of nearly $3.2bn in the first three months of 2026, on its favoured \u2018underlying replacement cost\u2019 earnings measure.<\/p>\n<p class=\"dcr-130mj7b\">That\u2019s higher than City analysts had predicted, with BP - which was\u00a0hit by a shareholder rebellion last week\u00a0\u2013 giving some of the credit to an \u201cexceptional\u201d contribution from its oil trading operations.<\/p>\n<\/blockquote>\n<p>I have only one response, and\u00a0<a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/04\/27\/tax-wealth-now\/\" target=\"_blank\" rel=\"noopener\">I have already said it\u00a0<\/a><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"><a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/04\/27\/tax-wealth-now\/\" target=\"_blank\" rel=\"noopener\">rece<\/a>ntly:<\/span>\u00a0we need to increase the tax rate on wartime profits now.<\/p>\n<p>Nothing else is ethically or economically justifiable when BP's gain is unearned and accrues at a cost of other people's suffering.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As The Guardian has noted this morning: The Iran war has helped\u00a0BP\u00a0to double its profits in the first quarter of this year, its latest financial<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/04\/28\/tax-now\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97],"tags":[],"class_list":["post-91960","post","type-post","status-publish","format-standard","hentry","category-tax-justice"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/91960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=91960"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/91960\/revisions"}],"predecessor-version":[{"id":91961,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/91960\/revisions\/91961"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=91960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=91960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=91960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}