US to hit oil companies with disaster tax
Huge spill in Gulf of Mexico prompts rushed legislation to add extra cent tax to barrel of oil
Huge spill in Gulf of Mexico prompts rushed legislation to add extra cent tax to barrel of oil
Oil companies are to be hit with a US tax rise to help deal with the fallout
and clean-up from the massive oil spill in the Gulf of Mexico.
President Obama is rushing through legislation to add a further one cent tax
per barrel of oil. The money will be used to swell the coffers of the Oil Spill
Liability Trust Fund to the tune of $500m (£340m) over ten years, reports
The
Times.
The president has already detailed a $118m spending plan to provide financial
assistance to those affected by the disaster and help monitor its impact. BP is
expected to pick up the largest share of the costs for the plan.
The numbers you crunch tell a story. Your expertis...
14yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article