Huge tax bill
British Petroleum has handed Government revenue collectors $2038 million, which it considers the biggest single tax payment ever made anywhere in the world. The pay-out covered part of B.P.’s tax bill for the first six months of 1981 on its earnings from North Sea oil production. B.P. calculates that 90 per cent of North Sea profits go in tax and that its own tax bill for the year ended in June will run close to $4500 million.—London.
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Press, 5 September 1981, Page 4
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80Huge tax bill Press, 5 September 1981, Page 4
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