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1. What is the estimated dollar amount of the annual tax reduction for the initial move to the Grand Cayman Islands? 2. Is the company

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1. What is the estimated dollar amount of the annual tax reduction for the initial move to the Grand Cayman Islands?

2. Is the company has been tax conservative or tax aggressive or something in between regarding the management of income tax expense?

Please show the calculation and explanation.

TABLE 2 Transocean Effective Tax Rate following Inversions and Conversion to Master Limited Partnership

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