Loading the player...

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

  • Uploaded 5 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
show more show less
    Comments (0)