$3b tax charge

OIL giant BP will take a one-off $US1.5 billion ($F3.07b) charge to adjust to new US tax rules, but expects a long-term boost from the corporate-friendly tax rates, it said yesterday. BP’s rival Royal Dutch Shell said last week it would incur a one-off charge of $US2b-$US2.5b ($F4.09b-$F5.11b) for the US tax changes. Like BP, […]

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