The offshore oil bonanza: where is it?

The offshore oil bonanza: where is it?

Fixing the tax system is easy, finding oil is trickier

Whenever a spokesperson for Sinn Féin or the ultra left is banging on about some worthy cause being underfunded, they are occasionally – and only occasionally – asked, “How do we pay for it?” The prompt reply is “a wealth tax”. How much will this bring in? A sum is duly conjured from thin air depending on the spokesperson.

The following day or week there will inevitably be a new worthy and underfunded issue. But that...

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