Text of Engel Bill Blocking Oil Company Tax Deductions
Here’s a copy of Rep. Eliot Engel’s (D-N.Y.) legislation that would prevent BP from claiming a $10 billion tax deduction from the cost of responding to the
Jul 31, 20201.2M Shares16.8M Views
Here’s a copy of Rep. Eliot Engel’s (D-N.Y.) legislationthat would preventBP from claiming a $10 billion tax deduction from the cost of responding to the spill.
The “Denial of Certain Tax Benefits to Offending Oil Polluters Act of 2010,” as it is called, says: “In the case of an offending oil polluter, no deduction or credit shall be allowed…with respect to any amount paid or incurred in connection with a discharge of oil…”
Just some light weekend reading.
Paolo Reyna
Reviewer
Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
Latest Articles
Popular Articles