Oil Industry Financial Performance and the Windfall Profits Tax

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service. Resources, Science, and Industry Division

Contributor:

Library of Congress. Government Division

Language:

English

Subjects (All):

Business cycles.

Corporations--Taxation.

Corporations.

Excise tax.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

Summary:

Examines windfall profit tax (WPT), in light of recent abnormally high oil industry profits amid general economic decline. Analyzes profit performance of major oil companies, focusing on 2003-2008, covering both earnings and how those earnings have been used. Provides overview of WPT proposals in the 109th and 111th Congresses. Considers WPT issues, including experiences with the tax of the 1980s, its viability, and potential role in the tax system and economy. Includes tables

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Congressional Research Service. Resources, Science, and Industry Division. Oil Industry Financial Performance and the Windfall Profits Tax

Publisher Number:

CRS-2011-RSI-0474

Access Restriction:

Restricted for use by site license