[Marxism] FT: Spill costs to cut BP tax bill by $10bn

Ron Cohen rony at cohen-waisel.co.uk
Tue Jul 13 16:15:08 MDT 2010

analysts have estimated that its total spending in the Gulf region could 
be about $30bn. That would represent about $10bn of clean-up costs and 
$20bn compensation for losses suffered by fishing, tourist and other 
industries, covered by the fund agreed with the US administration last 
month. With a tax rate <http://lexicon.ft.com/term.asp?t=tax-rate> on 
profits of 33 per cent in a typical year, that would cut BP’s tax bill 
by about $10bn.


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