NOTIFICATION: The Technology Channels will soon be discontinued.
Click here to download complimentary copies of Fastmarkets RISI’s pulp and paper newsletters.

 

Paper industry lobbies IRS for further black liquor fuel tax credits worth $2 billion

Read so far

Paper industry lobbies IRS for further black liquor fuel tax credits worth $2 billion

July 23, 2013 - 06:06
Posted in:

WASHINGTON, DC, July 23, 2013 (Washington Post) -When the American paper industry came up with a plan to get $2 billion in tax refunds, it first had to get past a guardian of the public's money: the Internal Revenue Service.

But the IRS, which has been in the news lately for its aggressive targeting of politically affiliated nonprofits, took at look at the paper industry's efforts and effectively shrugged. With no ruling from the agency, the refunds went through - based on the findings of the companies themselves.

Washington Post - When it comes to the paper industry and fuel tax credits, IRS looks like a soft touch

RISI is not responsible for the reliability or availability of content on external websites.