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First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.
John S. Watson
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"First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent."
— John S. Watson #workcareer

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First, the oil and gas business pays its fair share of taxes. Despite the current debate on en…

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First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent. — John S. Watson

About John S. Watson

John S. Watson was a Businessman from United Kingdom of Great Britain and Ireland (1804–1884).

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Frequently Asked Questions

Who said "First, the oil and gas business pays its fair share of taxes. Despite the curre…"?
This quote is attributed to John S. Watson, a Businessman from United Kingdom of Great Britain and Ireland.
When did John S. Watson live?
John S. Watson lived from 1804 – 1884.
What is this quote about?
This quote touches on Work & Career. Browse more quotes on these themes from the categories page.