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Does ConocoPhillips owe Louisiana $815 million in back taxes, fees? A court fight looms.

Por: The Advocate Business November 30, 2023

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The Louisiana Department of Revenue and oil giant ConocoPhillips are butting heads over whether the company owes the state hundreds of millions of dollars in back taxes, penalties and interest from more than a decade ago.At issue is whether ConocoPhillips “significantly understated” its state taxable income for 2008 to 2011 by using accounting practices that didn’t fully reflect its oil and gas sales through “affiliated entities,” as... + full article



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