US EditionOil and gas multinationals seek new tax breaks under Trump
2 Articles
2 Articles
Oil and gas multinationals seek new tax breaks under Trump
This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. If the only things certain in life are death and taxes, you might say corporate lobbyists spend much of their time trying to avoid at least one of the two. Few industries understand this better than oil and gas, which has benefited for at least a century from some tax rules that save them billions of dollars in payments an…
As Republicans Prepare Tax Giveaway Package, Oil and Gas Companies Try to Avoid Corporate Minimum Tax
With Republicans in charge of the White House and Congress, the fossil fuel industry has been lobbying to undermine a tax put in place under former President Joe Biden’s landmark climate law, according to a report out today from United to End Polluter Handouts, a new campaign to combat the massive subsidies the U.S. government gives to fossil fuel companies. The report, “Minimum Tax, Maximum Influence,” details an effort by Sen. James Lankford (…
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