Tuesday, July 27, 2010

Mindboggling: BP To Claim $10B Tax Credit Due To Spill

Although announced a charge of $32.2B due to the oil spill, it is also claiming a $9.9B taxation credit (never mind that some class action lawsuits are claiming $200B in damages)

Tony Hayward, BP's CEO says that they have followed the IRS regulations. The man clearly has no PR skills.

As a note, not even has done as bad. Goldman Sachs Group, not renowned for being a nice company, agreed during the settlement with the SEC, to not seek tax deductions for its $535M.

It is mind boggling, and shocking that this company continues to give not give an iota about what it has done or what people think about it.

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