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Stock Market & Financial Investment News

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August 14, 2014
08:54 EDTKMIKinder Morgan sees saving $20B in income taxes over 14 years from deal, WSJ says
Kinder Morgan (KMI) sees its $44B deal to consolidate its four entities into one creating about $20B in income-tax savings in the next 14 years, with Kinder Morgan spokesman Larry Pierce stating that the tax advantage isn't unique to this deal, reported The Wall Street Journal. "If someone purchases an office building for $100, they would be allowed to deduct $100 in tax depreciation over time. In our case, KMI is buying pipeline and terminal assets instead of a building, but the same principles apply," the Journal quoted Pierce as saying. Reference Link
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