As Oil Industry Fights a Tax, It Reaps Subsidies - NYT

JohnWxy

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Wed Jul-07-10 05:53 PM
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As Oil Industry Fights a Tax, It Reaps Subsidies - NYT

http://www.nytimes.com/2010/07/04/business/04bptax.html?_r=1&th&emc=th

Over the last 10 years, oil companies have also been aggressive in using foreign tax havens. Many rigs, like Deepwater Horizon, are registered in Panama or in the Marshall Islands, where they are subject to lower taxes and less stringent safety and staff regulations.

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