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BP's corporation tax

‘It is not appropriate for the Government to comment on the confidential tax affairs of individual businesses’ David Gauke said in a response to a request for an estimate of ‘the effects on tax revenues to the exchequer of liabilities of companies involved in the oil spill in the Gulf of Mexico’.

The Financial Times has reported that BP is forecast to pay about £6.7 billion less tax over the next four years as it meets the cost of the spill.

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