Saturday, 13 October 2012

Grand jury investigating massive tax breaks for Chevron in El Segundo

Chevron owes El Segundo as much as $9.5 million in back utility taxes, according to a preliminary audit that was ignored by city officials. A former city manager was fired after raising questions about the agreement.

A Los Angeles County civil grand jury is investigating an 18-year-old agreement that allowed Chevron to avoid paying El Segundo millions of dollars in back taxes on its refinery, raising questions about Chevron's influence over the town it helped build.


Source: http://feeds.latimes.com/~r/latimes/news/local/~3/ZkxS1B4xavU/story01.htm

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