A prediction about BP

OK, so the oil blowout is going to cost BP a lot of money. Rightly so of course.

However, a small prediction for us all. There will be someone, somewhere out there, who will insist that BP should not be allowed to get tax relief on these costs.

No no, I don\’t mean any special reliefs or anything, just the basic \”hey, our profit is lower so we owe less corporation tax\” thing.

I wish it were possible to bet on such things as that\’s a close to a sure thing as I can imagine. The only uncertainty will be over who actually starts the meme and who then picks it up.

5 thoughts on “A prediction about BP”

  1. Brian, follower of Deornoth

    I suspect a certain accountant we all know will be in the vanguard of the ‘we should tax the profits you didn’t make because it’s your fault you didn’t make them’ movement.

  2. Gordon Brown used to assert that someone not working as hard as they could was cheating the Government of tax. He even had the Revenue looking into ways of punishing “lifestyle” businesses.

  3. The Pedant-General

    ‘we should tax the profits you didn’t make because it’s your fault you didn’t make them’

    I mean – it’s a blatantly obvious attempt to lower their tax bill. It’s scandalous what these eeeeevil corporations will do to avoid paying tax.

  4. I agree with this approach, so long as we can tax all the welfare chavs on account of it’s the income tax they should have paid, and it was their own fault they didn’t do any work or earn any money.

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