POLITICS
Shell exec.: Focus on tax reform, not subsidies
March 30, 2012
March 30, 2012
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(CBS News) The president of Shell Oil said Friday that removing the tax subsidies and tax breaks received by oil and gas companies - which recorded some of the largest profits last year - is unfair because of the size of the companies. Instead, Marvin Odum said the government should be focused on broader tax reform.
"If you look at the unit profitability, if you will - how much we make on a unit or a dollar of revenue - it's actually lower than the average of manufacturing across this country," Odum said on "CBS This Morning." "So I think
"If you look at the unit profitability, if you will - how much we make on a unit or a dollar of revenue - it's actually lower than the average of manufacturing across this country," Odum said on "CBS This Morning." "So I think
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