Forum Discussion
Timmo_
Feb 04, 2021Explorer II
Reisender wrote:Timmo! wrote:Reisender wrote:
And thank you for pointing out how minuscule and limited the subsidies to EV’s is in comparison to the eternal, endless and trillions of dollars that the oil industry gets. :). Lol.
Cheers.
Please educate me. What tax break does the oil industry receive that is not available to other industries/companies? I am not aware of any special tax break that is exclusively targeted to oil and gas companies.
Seriously. Get your head out of the sand. How much does your basic run of the mill oil war cost...and how many lives. I was up at Revelstoke Dam last year. I didn’t notice any military contingent there guarding the electrons.
Believe what you want. I know in my country the oil industry gets huge subsidies. If you don’t believe the oil industry gets subsidies then I think we are done discussing.
https://www.google.ca/amp/s/www.forbes.com/sites/jamesellsmoor/2019/06/15/united-states-spend-ten-times-more-on-fossil-fuel-subsidies-than-education/amp/
Cheers.
Can't do it, can you. Easier to spout expressions that fit on bumper stickers than cite real facts.
1st let me educate you. A tax deduction that is available to all taxpayers is NOT a subsidy. It is called "tax deduction".
What is a Subsidy?
A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.
https://www.investopedia.com/terms/s/subsidy.asp
What is a Tax Subsidy?
Definition: A tax subsidy is an intentional reduction of the tax burden granted to certain business or industry to promote consumption or production. It is a benefit awarded by a government as an economic incentive.
https://www.myaccountingcourse.com/accounting-dictionary/what-is-a-tax-subsidy
Subsidy – definition
A subsidy is an amount of money provided to firms to help reduce production costs which can then be passed on as lower prices, and which can encourage consumption.
https://www.economicsonline.co.uk/Definitions/Subsidy.html
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