Senate Panel Approves Special Tax On Oil Profits

Article Abstract:

After the oil industry announced a profit of over $33 billion in the third quarter, Republican Senator Charles Grassley of the Senate Finance Committee proposed $5 billion windfall tax on the biggest companies.

Tax Law, Public Finance Activities, Strategy & planning, Sales & consumption, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Legislative Bodies, Petroleum refining, Government Regulation, Senate-Finance, Planning, Petroleum industry, Political aspects, Bush, George W., Company business planning, Industry sales and revenue, Business-government relations, United States. Congress. Senate. Committee on Finance

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FED'S CHIEF GIVES CONSUMPTION TAX CAUTIOUS BACKING

Article Abstract:

Federal Reserve Board chief Alan Greenspan has cautiously endorsed a shift in U.S. tax policy from primarily taxing income to primarily taxing consumption.

Executive changes & profiles, Public affairs, Officials and employees, Economic aspects, Greenspan, Alan, United States. Federal Reserve Board, Speeches, lectures and essays, Consumption taxes

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2 Shipbuilders Get Big Breaks In New Tax Bill

Article Abstract:

One provision in the new corporate tax bill grants tax reductions to shipbuilders that have navy contracts.

Contracts & orders received, National Security, Ship Building and Repairing, Shipbuilding & Repair, Contracts & orders let, Dept of the Navy, US Navy, Contracts, Contract agreement, Northrop Grumman Corp., Shipbuilding industry, General Dynamics Corp., GD, Shipbuilding, United States. Navy, Bath Iron Works Corp.

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