Providence Resources - Re: PVR Stream Log - Tax credits: (Caveat - Not...

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Re: PVR Stream Log
20:48 27/10/2015
JREwing
0 replies 0 0

Tax credits: (Caveat - Not sure if this is possible or not) Providence are supposed to have spent €500m on exploration over the years. If Shell were to acquire Providence, would they be able to avail of this cost on their tax bill? If they can, with an effective tax rate of 25%, they could buy Providence for €250m and the net cost to them would be €125m. How's that for a discount?

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