Exxon is cleaning up on taxes etc thanks to the PNG gavmanMarch 11 2012 at 3:01 PM
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Response to Need help - Accounting matter
Whenever a company does business in another country,it has to follow the rules of that country.
Fortunately for Exxon, our government has given them one tax break after another. Of course they have to pay for the gas itself, but that's ok with them cuz they just add their profit to it.
They didn't have to pay a toea in import duty for all those containers you see at Fairfax harbour. Not a toea!
Exxon started out in USA but hardly based there anymore, they are one of the biggest of the multinational companies and home to them is wherever they want to be at that moment. They may have an Esso PNG right now, but they'll disband it and run away the moment they stop making big bucks.