Any money made will stay with the refinery owners
That's awful!
And the taxes they pay?
The refineries are free trade zones, so none of the profit from refining is taxable.
The refineries are free trade zones, so none of the profit from refining is taxable.
Can you prove your claim?
Of course
Free-trade zone - Wikipedia
http://enforcement.trade.gov/ftzpage/letters/ftzlist-map.html#texas
Thanks.
In the United States, FTZs provide Customs-related advantages as well as exemptions from state and local inventory taxes.
Now, do you have a source that actually proves your claim?
The refineries are free trade zones, so none of the profit from refining is taxable.
Or have you noticed your error?
Obviously you didn't read all of both the links. Free trade zones for each state are listed in the 2nd one
Obviously you didn't read all of both the links.
Neither link backed up your claim.
The refineries are free trade zones, so none of the profit from refining is taxable.
Try again?