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Big Oil doesn't necessarily win big in Trump tax plan

Source: nola.com - Jan 8, 2018

For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.

Two weeks after President Donald Trump and congressional Republicans passed a sweeping rewrite of the tax code that cuts corporate rates, drillers are finding other changes that are less of a boon. BP and Royal Dutch Shell offered a preview recently, saying they may write off as much as $4 billion in tax assets as a result.

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Category: General Business