Sunday, January 6, 2013

More On Irrational Reaction To Taxes

Yesterday, I brought up the Marco Rubio statement on why he voted against the tax compromise from last week, and said a little bit about how many irrational actions people take to avoid taxes.  Then I came across this:
A move by Shell to avoid millions in Alaska state taxes may have backfired when the oil rig Kulluk ran aground Monday on Kodiak Island. The rig initially went adrift while it was being towed to a shipyard and tax shelter in Seattle. Instead, the vessel found itself literally stuck inside Alaska at the start of the new year. 
The Kulluk grounded off Kodiak Island Monday night, prompting a 500-plus person response. According to Shell Operations Manager Sean Churchfield, the grounding occurred during a fierce storm that produced near-hurricane-force seas with waves exceeding 40 feet at times and wind gusts of 50 knots and higher.
“The conditions last night were very poor,” Churchfield said. “It was a really unpleasant night to be out on the sea.” 
A Shell spokesman last week confirmed an Unalaska elected official’s claim that the Dec. 21 departure of the Kulluk from Unalaska/Dutch Harbor involved taxation.
City councilor David Gregory said Shell would pay between $6 million and $7 million in state taxes if the Kulluk was still in Alaska on Jan. 1. 
Shell’s Curtis Smith said in an email last week that the decision involved financial considerations. The rig had been moored in the Aleutian Islands port following several months on an oil exploration project in the Arctic Ocean.
What a bunch of assholes.  $7 million to Shell is like a $20 bill to normal folks.  Way to screw that one up guys.

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