Taxes

Kasich pushing oil tax increase in Ohio

Source: 
The Associated Press
Ohio Gov. John Kasich is attempting to gather support for an oil-and-gas tax increase by offering 25 percent of proceeds to Appalachian areas, The Associated Press reports.

Student loan bill would end bitumen exemption

Source: 
Bloomberg
The Senate Democrats' stalled bill to freeze student loan rates would have ended a tax exemption on bitumen, the type of crude derived from oil sands, Bloomberg reports.

Some in wind industry fear MLP could shelve wind credit

Source: 
Politico
Some in the wind industry are concerned that the push for allowing master limited partnerships for renewable energy could undermine efforts to renew a production tax credit, Politico reports.
Oil

BP announces plans after Alaska oil tax change

JUNEAU, Alaska (AP) — BP Alaska plans to bring two new drill rigs to the North Slope by 2016, part of an additional $1 billion investment the company envisions over the next five years following the state's rollback of oil production taxes.

Are Master Limited Partnerships for you?

NEW YORK (AP) — Investors searching for income-generating investments are finding opportunities in the oil and gas pipelines that crisscross the country.

Energy-linked companies take advantage of MLPs

Source: 
Fortune

Companies benefiting from the surge in U.S. energy production have cut tax liabilities by restructuring to master limited partnerships, Fortune reports.

Oil

Summer travel forecast: Better, but no blowout

NEW YORK (AP) — The forecast for summer travel, 2013: Partly sunny.

Airlines, hotels and campgrounds are commanding higher rates and seeing more customers than a few summers ago, and luxury hotels are selling out. Local businessmen and state officials are optimistic.

CBO: Carbon tax would cut emissions, slow economy

Source: 
The Hill

A new report from the Congressional Budget Office said a carbon tax could bring in significant revenues and help reverse climate change at the cost of higher prices and lower incomes, The Hill reports.

Oil

Politics, bribery charges swirl around Ugandan oil

KAMPALA, Uganda (AP) — Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of a president whose firm control of the sector worries transparency campaigners.

CBO cuts estimated 2013 deficit to $642 billion

WASHINGTON (AP) — The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, according to a government study released Tuesday.

Pages

Subscribe to Taxes