Receipt of a favorable ruling from the Internal Revenue Service with respect to certain aspects of the transaction and a legal opinion with respect to the tax-free treatment of the transaction. Everyone's better off, that is, except ... you know. If Yahoo and SpinCo are saving $16 billion in taxes, that means that the IRS doesn't get $16 billion in taxes. That's how taxes work. This is a tax dodge. A loophole that needs to be closed and make them pay their fair share in taxes.
(Bloomberg) -- The Obama administration proposed opening to offshore drilling an area from Virginia to Georgia in a policy shift sought by energy companies but opposed by environmentalists worried about resorts such as the Outer Banks or Myrtle Beach.
The offshore plan for 2017-2022 marks the second time President Barack Obama has recommended unlocking areas in the U.S. Atlantic for oil drilling, and it drew a swift retort from allies who say the payoff doesn’t justify the risk of a spill along the populated coast. The agency said Atlantic leases won’t be auctioned for at least six years and drilling wouldn’t start for several more years.
“This plan takes a balanced approach to oil and gas development,” Interior Secretary Sally Jewell told reporters Tuesday on a conference call. “It protects areas that are just too special to develop.”
An oil tanker that hauled 1 million barrels of Kurdish crude to the U.S. six months ago didn’t unload its cargo and is now making a return trip across the Atlantic Ocean with the shipment still on board.
Well we got today the revised numbers of the revised numbers for November. And they say you can not believe the numbers that come out of China. I am going to wait for the revised numbers of the revised numbers of the revised number for November at the end of January, when they release the revised number of the revised numbers for December.
Let the buyouts keep on coming.
The bill barring federal taxpayer funds was approved in the last Congress. On Thursday it passed 242-179, with three Democrats joining virtually all House Republicans to support the bill.
We only have 3 Christians in the Democratic party in the House. If you are a Democrat can you still be a Christian?
Buckle up boys and girls, it is going to be a very bumpy ride. This is only from the 3 largest companies.
Over the past month, the sector's three largest companies have announced 17,000 job cuts in the oil patch even as they notched up robust earnings in 2014.
Another low oil price buy out, let the bidding begin.
Wow the American people are doing great right now. Gasoline prices at their all time low. Natural gas prices at their all time low. House prices at their all time low and mortgage rates are at levels so low never seen by most Americans. Heath care cost so low that they have not been seen for years. Inflation is down and Americans are saving so much money they are putting thousands of dollars in saving accounts. After listening to the President explain this to the American people saving all this huge amount of money, it just makes it so hard for me to go to my boss and ask for a raise. Now my boss has this huge amount of ammo to shoot my raise down.
Internet of the future.