20,555
edits
Changes
Jump to navigation
Jump to search
SW: →Tax breaks: - add section
The companies that paid no tax for at least one year between 2008 and 2010 are the utilities [[Ameren]], [[American Electric Power]], [[CenterPoint Energy]], [[CMS Energy]], [[Consolidated Edison]], [[DTE Energy]], [[Duke Energy]], [[Entergy]], [[FirstEnergy]], [[Integrys]], [[NextEra Energy]], [[NiSource]], [[Pepco]], [[PG&E]], [[PPL]], [[Progress Energy]], [[Sempra Energy]], [[Wisconsin Energy]] and [[Xcel Energy]].<ref>Robert S. McIntyre, Matthew Gardner, Rebecca J. Wilkins, Richard Phillips, [http://www.ctj.org/corporatetaxdodgers/CorporateTaxDodgersReport.pdf "Corporate Taxpayers & Corporate Tax Dodgers: 2008-10"] Citizens for Tax Justice and the Institute on Taxation and Economic Policy, November 2011 Report.</ref>
===Lost government revenues from coal leases===
A [http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&ved=0CDgQFjAD&url=http%3A%2F%2Fpolicyintegrity.org%2Fdocuments%2F6.1_Sanzillo_coal_lease_PDF_.pdf&ei=Yi8sT9SbN-OciQKo7_jBCg&usg=AFQjCNFV8zskueFyzO3_pNl6BA08gx1s5Q&sig2=eM0vwZn8_bTf9uAMAZsYAA 2012 report] by Tom Sanzillo of the Institute for Energy Economics and Financial Analysis concluded that, since 1982, the Fair Market Value (FMV) lease process administered by the Bureau of Land Management (BLM) provided a $28.9 billion subsidy to coal producers and utilities in lost royalties and bonuses. The bids by coal companies for [[federal coal leases]] did not match the estimated market value of the reserves, which the report attributes to the increasing privatization of the federal leasing system and lack of government oversight. In total, nine billion tons of coal were mined, with 12 billion more tons slated to be mined between 2011 and 2035.
===Foregone revenues and direct spending===
