"Windfall" Or Excess Profits Tax: Hearings Before the ..., 93-2, February 4, 5, 6, and 7, 19741974 - 855 pages |
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Common terms and phrases
American American Petroleum Institute amount average barrels a day base period capital cents Chairman committee Congress consumer corporation crude oil deduction depletion allowance dollars domestic crude oil DUNLOP earnings economic effect excess profits tax expenditures exploration and development Federal foreign income taxes foreign oil foreign operations foreign tax credit fuel gasoline GIBBONS going important incentives income tax independent intangible drilling investment lease major oil companies ment million barrels natural gas oil and gas oil industry oil production oil shale OPEC overall percent percentage depletion petroleum industry pipeline plowback price increases problem proposal question rate of return refineries refining reinvestment revenues royalty SCHNEEBELI Secretary SHULTZ service station shale shortage SIMON Sohio statement stripper Sun Oil Co SWEARINGEN tax rate taxable income taxpayer tion U.S. companies U.S. oil U.S. tax ULLMAN United VANIK windfall profits tax
Popular passages
Page 759 - and tables of economists and tax lawyers. At such times, I am somewhat consoled by Oliver Wendell Holmes' statement that: "All life is an experiment. Every year, if not every day, we have to wager our salvation upon some prophecy based upon imperfect knowledge.
Page 193 - person which is used for the purpose of exploring for. developing, removing. or transporting resources from the outer Continental Shelf (within the meaning of section 2 of the Outer Continental Shelf Lands Act. as amended and supplemented (43U.SC sec. 1331) ; < vii > any property which is owned by a domestic corporation (other than a corporation entitled to 'he benefits of section
Page 193 - subparagraph (A) shall not apply to— (i) any aircraft which is registered by the Administrator of the Federal Aviation Agency and which is operated to and from the United States or is operated under contract with the United States
Page 329 - Commerce of the United States My name is Walker Winter. I am a member of the Board of Directors of the Chamber of Commerce of the
Page 23 - direct the President and State and local governments to develop contingency plans which shall have the practical capability for reducing energy consumption by no less than 10 per centum within ten days and by no less than 25 per centum within four weeks of any interruption of normal supply;
Page 193 - United States person which is used in the transportation of property to and from the United States : (vi) any property (other than a vessel or an aircraft) of a United
Page 17 - be placed on an annual basis by multiplying such income by 12 and dividing the result by the number of months in the short period. The
Page 21 - and harvesting, and curtailment of vital public services, including the transportation of food and other essential goods; (c) such shortages and dislocations jeopardize the normal flow of interstate and foreign commerce and constitute a
Page 777 - I subscribe to a statement made by President Nixon in his energy message of April 18, 1973. He said; "We should recognize that the single most effective means of encouraging energy conservation is to insure that energy prices reflect their true costs.
Page 115 - income derived from the retirement or discharge by the taxpayer of any bond, debenture, note, or certificate or other evidence of indebtedness, if the obligation of the taxpayer has been outstanding for more than 6 months, including, in case the issuance was at a premium, the amount