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Thid is why the rich get richer AKA BP sticks it to American Taxpayer

 
Beast
User ID: 1049872
United States
07/27/2010 05:51 AM
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Thid is why the rich get richer AKA BP sticks it to American Taxpayer
LONDON — Oil giant BP said it plans to offset the entire cost of its Gulf of Mexico oil spill against its tax bill, reducing future contributions to U.S. tax coffers by almost $10 billion.

However, the net impact on BP's bottom line will only be $22 billion, with the company recording a $10 billion tax credit, most of which will be borne by the U.S. taxpayer, a spokesman said.
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