Thursday, July 29, 2010

We'll get by ...

Poor BP:

In case you were wondering how BP will find the cash to put into its oil gusher escrow fund (assuming BP ever does actually put cash into it), you need not worry. Marketwatch explains that BP will take a $32 billion charge against earnings, due in part to the oil spill--which means it will get a $9.9 billion tax credit.

$9,900,000,000.

...


How does any corporation, in the most lucrative business in the world, qualify for any sort of tax credit?

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