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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (929238)4/5/2016 6:15:35 PM
From: Bonefish  Read Replies (2) | Respond to of 1579441
 
BP files taxes in the USA?



To: Broken_Clock who wrote (929238)4/5/2016 6:27:56 PM
From: Land Shark  Read Replies (2) | Respond to of 1579441
 
The $15B is a tax deduction, not a tax credit. It's a tax deduction because it's not a penalty. The $5B of the $20B settlement is a penalty, and not tax deductible. The after tax value to the public of the $15B is around $8.5B. You're partly correct that some of cost of the cleanup is footed by the public owing to lost tax revenue.


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