Oil Industry Financial Performance and the Windfall Profits Tax.

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 th...

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Bibliographic Details
Corporate Authors: Library of Congress. Congressional Research Service, ProQuest (Firm)
Format: eBook
Language:English
Published: [Place of publication not identified] : [publisher not identified], 2008.
Series:U.S. Congressional Research.
Subjects:
Online Access:Connect to the full text of this electronic book
Description
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 110th 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.
Item Description:Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.
CRS Report.
Electronic resource.
Physical Description:1 online resource.