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BP Manages To Turn $20 Billion Fine Into Tax Write-Off

  • Uploaded 10 years ago in the category News and Politics

    PROVIDED BY CNNNEXT.COM
    Published on Oct 13, 2015
    Last week, the Justice Department announced that they would be slapping BP with a $20 billion fine fo

    ...

    PROVIDED BY CNNNEXT.COM
    Published on Oct 13, 2015
    Last week, the Justice Department announced that they would be slapping BP with a $20 billion fine for the 2010 Deepwater Horizon oil rig explosion and oil spill.

     But what they didn’t tell the public is that about 99% of that fine will be either written off by the company on their taxes, or reduced from their total tax liability.

     This is not justice.

  • # Corporate
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