Market leading insight for tax experts
View online issue

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.

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top