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BP Oil Spill Settlement Allows $15.3 Billion Tax Deduction


#1

BP Oil Spill Settlement Allows $15.3 Billion Tax Deduction

WASHINGTON - A statement by Michelle Surka, U.S. Public Interest Research Group Program Associate, regarding the recently finalized BP Gulf Oil Spill Settlement:

“Though we are glad that the protracted settlement to address BP’s actions in relation to the 2010 Gulf Oil Spill has finally concluded, and injured parties can begin to be made whole again, we are disappointed that BP will yet again be able to claim its settlement payments as ordinary cost of doing business tax deductions.

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#2

A slap on the hand

Followed by a manicure


#3

Tax deduction from a zero tax bill. Not bad. Refund anyone?