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Is BP's $18.7 Billion Oil Spill Settlement Tax Deductible? Deal Could Save BP Billions, Group Says
Business  (tags: BP, Deepwater Horizon, oil spill, oil spill settlement, Clean Water Act, tax deductions, business expense, settlements loophole )

- 1050 days ago -
"It is outrageous for BP to treat any portion of these payments as an ordinary business expense". It's unlikely that taxpayers will ever know whether or not BP took advantage of these possible deductions and to what extent.
The 1 Percent's Ivy League Loophole
Business  (tags: The One Percent, taxes, tax deductions, Harvard, Yale, politics, society, corporate, business, ethics, money, news )

- 1718 days ago -
In addition to being poor public policy, these charitable tax subsidies generate a disgustingly unjust spectacle. The vast majority of parents do not have an educational background that enables them to benefit from the donation-legacy system.
Taxpayers, Ahoy! Extraordinary Tax Deductions?
Business  (tags: tax, tax payers, tax deductions, USA, tax law, tax refunds, accountants )

- 2969 days ago -
Sometimes, despite objections from the IRS, taxpayers get to write off the darndest things. Here are our favorites.

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