IF or When The rest of the industry will match the GOM

[tengineer]

[QUOTE=Skoidat69;110666]With the tax thing, you pay 12% and they cover the rest (source OIM with OR)[/QUOTE]

Transocean does the same thing, refunds if actual tax is less than 12%. It’s the latest strange compensation thing.

[PDCMATE]

@"tengineer"

Transocean does the same thing, refunds if actual tax is less than 12%. It’s the latest strange compensation thing.

The flat tax is also done at rowan, 15%. Some of the toi guys are having issues with the flat tax. Apparently you have to use transoceans accountants, and some of the usual deductions are getting missed.

[Skoidat69]

@"PDCMATE"

The flat tax is also done at rowan, 15%. Some of the toi guys are having issues with the flat tax. Apparently you have to use transoceans accountants, and some of the usual deductions are getting missed.

I wonder how it goes if you live in a state with income tax?..

[PDCMATE]

@"Skoidat69"

I wonder how it goes if you live in a state with income tax?..

You are still responsible for your state tax. The flat is only for federal tax.

[Skoidat69]

@"PDCMATE"

You are still responsible for your state tax. The flat is only for federal tax.

I guess if they cook your taxes right, you wouldn’t owe much state tax anyway