henry tax reform, page-9

I was watching the biz channel last night and it seems that Companys that are note turning a profit will not be paying the 40%.
More over, all costs involted in exploring and setting up a project is now 100% tax deduction, where as only a small amount was before.
That would mean with the up and coming 3D servey's that MEO are going to be doing, will be tax deductable.
That's very nice for the bottom line.
Looks like a good deal for the up and comings.