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tax breaks

U.S. taxpayers paid BP to lease Deepwater Horizon rig — which was incorporated in a foreign country for the purpose of avoiding the U.S. corporate tax - BP's tax deduction was "more than $225,000 a day"

July 5, 2010 by Joseph Romm
with 698 views
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Transocean, the company that owns the failed Deepwater Horizon rig that caused the Gulf oil spill, used well-known tax havens in the Cayman Islands and Switzerland to lower its U.S. corporate tax rate by almost 15 points. And, as TP reports, due to a break in the U.S. tax code, BP was also allowed to write off the rent it paid to... [read more]

Take Advantage of Energy Efficiency Tax Credits Before it's Too Late

November 9, 2009 by Peter Troast
with 140 views
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The American Recovery and Reinvestment Act - "the stimulus package" to us common folk - includes a slew of economic incentives for homeowners looking to save money by making their homes more energy efficient.    But the clock is ticking: the 2009 deadline for energy efficiency improvements eligible for the tax credit is... [read more]

About That $72 Billion Subsidy

September 21, 2009 by Robert Rapier
with 164 views
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I am going to be pretty busy for the next few days, and probably won't be able to put up anything new until at least mid-week. Until then, over the past few days there have been a lot of headlines about a recently released study from the Environmental Law Institute. The study concluded that over the past seven years, fossil fuels have... [read more]