American Oil and Gas Reporter - November 2021 - 73

where necessary for particular features
of the industry, " the report states. " Full
deductions for costs, such as IDCs, are
nondistortionary and should remain in
place. On the other hand, tax credits and
other provisions that provide tax benefits
beyond deductions for input costs deserve
scrutiny and may be worth eliminating
in exchange for a lower general tax rate
on all industries.
STATEMENT OF OWNERSHIP, MANAGEMENT AND
CIRCULATION REQUIRED BY THE ACT OF AUGUST
12, 1970: SECTION 3685, TITLE 39, UNITED
STATES CODE, FOR THE AMERICAN OIL & GAS
REPORTER, PUBLISHED MONTHLY
" Regarding foreign income, the GILTI
regime should not apply to the foreign
fossil fuel income of U.S. multinationals-the
income is neither intangible, nor
mobile nor low-taxed-and denial of foreign
tax credits would constitute double taxation, "
the report says.
" If the Biden administration aims to
protect the environment and reduce carbon
emissions, taxing consumption of fossil
AT
HAYSVILLE, KANSAS, WITH DATE OF FILING SEPTEMBER
30, 2021. Title of Publication: The American
Oil & Gas Reporter. Frequency of Issue: MONTHLY. Location
of known office of publication: 1326 East 79th
Street South, Haysville, KS 67060-2217, Sedgwick
County. Location of the headquarters or general business
office of the publishers: 1326 East 79th Street South,
Haysville, KS 67060-2217. Publisher Charles E. Cookson,
2800 S. 127th St. East, Wichita, KS 67210. Managing Editor:
Del Torkelson, 1214 N. Stratford Ln., Wichita, KS
67206. Owner: National Publishers Group Inc., P.O. Box
343, Derby, KS 67037-0343. Stockholder: Charles E.
Cookson, 2800 S. 127th St. East, Wichita, KS 67210.
Known bondholders, mortgagees, and other security holders
owning or holding 1 percent or more of total amount
of bonds, mortgages, or other securities: none. 39 U.S.C.
3626 provides in pertinent part: " No person who would
have been entitled to mail matter under former section
4359 of this title shall mail such matter at the rates provided
under this subsection unless he files annually with
the Postal Service a written request for permission to mail
matter at such rates. " In accordance with the provisions of
this statute, I hereby request permission to mail the publication
named in item 1 at the reduced postage rates
presently authorized by 39 U.S.C. 3626. Signed by
Charles E. Cookson, Publisher. Extent and Nature of circulation.
Total number copies (net press run), average
number copies each issue during preceding 12 months:
11,658. Number of copies of single issue published nearest
to filing date: 11,000 (August 2021). Average number of
copies, outside county paid/requested mail subscriptions,
during preceding 12 months: 11,220. Number of copies,
outside county paid/requested mail subscriptions, single
issue published nearest to filing date: 10,387. In-county
average number of nonrequested copies each issue during
preceding 12 months: none. In-county paid/requested mail
subscriptions, number of copies of single issue published
nearest to filing date: none. Sales through dealers and carriers,
street vendors and counter sales, and other paid or
requested distribution outside USPS, average number of
copies each issue during preceding 12 months: none. Sales
through dealers and carriers, street vendors, counter sales
and other paid or requested distribution, number of copies
of single issue published nearest to filing date: none. Requested
copies distributed by other mail classes through
the USPS during the preceding 12 months: none. Requested
copies distributed by other mail classes through
the USPS, in single issue published nearest to filing date:
none. Total paid and/or requested circulation, average
number of copies each issue during preceding 12 months:
11,220. Number of copies of single issue published nearest
to filing date: 10,387. Total nonrequested distribution, outside-county,
average number of copies each issue during
fuels is clearly more beneficial than taxing
production, because it is more environmentally
effective and raises considerable
revenue for the federal government at
minimal cost to the economy, " the report
concludes. " That the Biden administration
has chosen to tax production instead indicates
its priorities are elsewhere. "
The full report can be found at https://taxfoundation.org/biden-fossil-fuel-tax/.
❒
preceding 12 months: 238. Actual number of nonrequested
distribution by mail copies single issue nearest to filing
date: 413. Copies of in-county nonrequested copies distribution,
average number each issue during the preceding
12 months: none. Number of in-county nonrequested
copies distribution, single issue published nearest to filing
date: none. Nonrequested copies distributed through USPS
by other classes of mail, average number during preceding
12 months: none. Nonrequested copies distributed through
USPS by other classes of mail, single issue published nearest
to filing date: none. Number of nonrequested copies
distributed outside the mail during the preceding 12
months: none. Number of nonrequested copies distributed
outside the mail, issue published nearest to filing date:
none. Total nonrequested distribution, average number of
copies each issue during preceding 12 months: 238. Actual
number of nonrequested distribution by mail copies single
issue nearest filing date: 413. Total distribution, average
number of copies each issue during preceding 12 months:
11,458. Actual number of copies of single issue published
nearest to filing date: 10,800. Average number of copies
not distributed, each issue during preceding 12 months:
200. Actual number of copies of single issue published
nearest to filing date: 200. Total, average number copies
each issue during preceding 12 months: 11,658; percent
paid and/or requested circulation, 98%. Actual number of
copies of single issue nearest to filing date: 11,000; percent
paid and/or requested circulation, 96%. Signed by Angie
M. Lubbers, Comptroller.
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NOVEMBER 2021 73
CS-SSL
Before
After
https://taxfoundation.org/biden-fossil-fuel-tax/ https://taxfoundation.org/biden-fossil-fuel-tax/ http://www.nrgsafe.com
American Oil and Gas Reporter - November 2021

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