Oil and gas:

CRA's Montgomery discusses new report on effects of windfall profits tax on economy

With the economy in full focus and an energy package expected later this year, the oil industry is bracing itself for another legislative battle on a windfall profits tax. During today's OnPoint, David Montgomery, vice president of CRA International and the author of a new report on the economic effects of a windfall profits tax, makes the case against taxing the oil and gas industries. The report, commissioned by the American Petroleum Institute, focuses on job and gross domestic product losses that could come about as a result of a windfall profits tax.