#taxes
Oil and Gas Companies Use Tax Cuts in Stimulus, Renewables Promised Tax Credit Extension

Oil and Gas Companies Use Tax Cuts in Stimulus, Renewables Promised Tax Credit Extension

In what one tax watchdog called a “stealth” bailout, dozens of oil and gas companies are taking advantage of provisions in the CARES law to write off losses right away and get an immediate tax refund against prior years’ earnings going back to 2018, according to Bloomberg News

Why This Matters:  These refunds also carry forward – so oil and gas companies can expect to pay zero taxes for years to come, according to Bloomberg.

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US states begin taxing electric vehicles

US states begin taxing electric vehicles

Most European Union member countries offer tax and acquisition incentives for electric vehicles in hopes that they can help fight climate change but here in the U.S., in nearly half of states, driving a battery-powered car requires paying additional fees. As Bloomberg reported, “to date, 24 states have imposed special fees on electric vehicles, according […]

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