Comment on Here's How BP Plans To Grab A $10 Billion US Tax Credit

Here's How BP Plans To Grab A $10 Billion US Tax Credit

The intention of the tax code is to encourage investments and to help companies even out profit and loss, along with the associated taxes. Lawmakers just forgot to incorporate a rider clause for public safety and/or environmental damage related expense. The tax credit, if claimed, could mean $10 billion of the Gulf aftermath costs would come out of taxpayers’ pocket.

 

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