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‘BP is forecast to pay about $10bn (£6.7bn) less tax over the next four years as it meets the costs of its huge oil spill in

‘BP is forecast to pay about $10bn (£6.7bn) less tax over the next four years as it meets the costs of its huge oil spill in the Gulf of Mexico hitting the revenues of Britain and the US … Money spent plugging the well cleaning up the oil and compensating people who have lost out because of the spill can be written off against tax the company believes …’
Financial Times 12 July 2010

 

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