SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (609221)4/28/2011 7:39:21 AM
From: Brumar89  Read Replies (1) | Respond to of 1577255
 
this has not been a "loophole" for "big oil" in many years

Since 1974.



To: i-node who wrote (609221)4/28/2011 12:49:20 PM
From: Brumar89  Read Replies (1) | Respond to of 1577255
 
Oh, one more thing .. At the time it was eliminated, however, the big oil companies were given the ability to expense IDC (Intangible Drilling & Development Costs)

I understand IDC has been a deduction for oil, gas, and mining as long as the income tax has existed.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News