An Oil Spill Helped One Billionaire Avoid Paying Income Tax for 14 Years

Re:An Oil Spill Helped One Billionaire Avoid Paying Income T... by vorpalhex on Friday December 10, 2021 @08:09PM (#29517428)

So we should not make environmental cleanup tax deductible? What about organizations who do environmental cleanup in general without having made spills?

[ Parent | on HN ]

Re:An Oil Spill Helped One Billionaire Avoid Paying Income T... by dundarious on Friday December 10, 2021 @08:42PM (#29517598)

Ideally, restitution should not be deductible, but it is. My understanding is that that's a pretty recent development, meaning it doesn't have to be so, and if it's undesirable, it can be changed. I think looking at it specifically from the angle of environmental disasters isn't useful or appropriate.

[ Parent | on HN ]