Spill Costs To Cut BP Tax Bill By $10 Bln Over 4 Years-Report

13th Jul 2010 07:27

LONDON (Dow Jones)--BP PLC (BP) is forecast to pay about $10 billion less tax over the next four years as it meets the costs of its huge oil spill in the Gulf of Mexico, the Financial Times reported Tuesday, citing analysts. The shortfall, representing a drop of more than a quarter in BP's tax payments, is a particular concern for the U.K. government attempting to cut the country's budget deficit, it said. Newspaper Web site: http://www.ft.com -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320 (END) Dow Jones Newswires July 13, 2010 02:27 ET (06:27 GMT)