5 July 2010
In the middle of all the “tax loopholes closing” that’s been going on in Congress, a big, fat one may have remained open. Sen. Max Baucus (D-MT), who chairs the powerful Senate Finance Committee, has opened an investigation into whether Transocean, Ltd., has been exploiting tax law loopholes by moving their headquarters overseas (spoiler alert, [...]
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3 July 2010
More than 3.3 million barrels of oil have now spilled into the Gulf as a result of the BP spill. To put that into perspective, the entire Exxon Valdez spill dumped a mere 257,000 barrels into the sea. There is no doubt that the fall-out from this spill, both environmentally and fiscally, will be significant. [...]
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