Tax expert John Whiting from the Chartered Institute of Taxation said the HMRC monitored big companies carefully and the government would be looking to close any genuine loopholes.
Kennedy and two other people close to Cuomo, who spoke to the AP only on condition of anonymity because Cuomo is carefully guarding his discussions on the issue, confirmed the outlines of the plan the governor was considering to allow 10 to 40 test wells in economically depressed southern New York towns that want drilling and the jobs it promises.