No way American courts will let BP walk away with $40 billion from an American company. This is a desperate action by lawyers and BP management to recoup losses but they will find out the hard way how corrupt the American legal system is and no way BP walks away with that kind of money.
Republicans will point to it as an example of everything that is wrong with America. USA has high corporate tax rates so the company is only doing what it has to for its shareholders. If our system were not so broken, they would not need to move offshore.
Democrats will point to it as an example of everything that is wrong with America. The greedy shareholders and executives move the company to Switzerland to avoid paying taxes. More laws need to be made to collect taxes from offshore companies.
It appears yours truly is the one who hasn’t done his homework!!! You are indeed much dumber than you sound, it’s easy to appear smart when you don’t have the facts straight. Our politicians are great at this.. RIG moved its address to ZUG and registered in Zug to avoid the payment of U.S. Taxes. Many other U.S. companies are doing similarity. All they have is a mail box and a small unoccupied office in Zug. There are no corporate officers there. It is a tax avoidance sham!! Shame on you!!