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Taxation & Estate Planning

: TaxProf Blog

Tax Gusher: Gulf Oil Spill Deduction Will Save BP $10 Billion in U.S. Taxes

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Washington Post, BP to Cut U.S. Tax Bill by $10 Billion Because of Losses in Gulf Spill: BP said Tuesday that it plans to cut its U.S. tax bill by $9.9 billion, or about half the amount pledged to aid victims of the disaster, by deducting costs related to the...

Full post as published by TaxProf Blog on July 28, 2010 (boomark / email).

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