Have you heard the myths that all industry tax treatments are taxpayer subsidies? Well nothing could be further from the truth. Click below for an easy to follow guide that sets the record straight on industry tax treatments.
The Administration’s FY2017 Budget includes proposals that again target the U.S. oil and natural gas industry for tax increases. Between proposed tax reform “reserves” and other provisions, the industry would be burdened by over $400 billion in additional taxes.
There are many tax issues that API is currently engaging with lawmakers on. Here you will find data and talking points on key tax items the industry is focused on.
With many lawmakers and pundits calling for an overhaul of our domestic and corporate tax code to make the U.S. more competitive, the U.S. oil and natural gas industry is part of that conversation. Continue on to read more about our tax reform principles.
API partners with leading scholars, researchers, world-class qualitative and quantitative analysis firms and data analysts to produce unparalleled studies and research. See below for examples of various studies about the effect of tax policy on the oil and natural gas industry in the United States.