# Professor Aswath Damodaran's research on the US tax code and publicly-listed companies

1 April 25, 2017 The Washington Post ![The Washington Post logo](/sites/default/files/styles/246w/public/assets/images/con_031074.jpg?itok=f6OME_Rm)>

Excerpt from [The Washington Post](https://www.washingtonpost.com/business/economy/washington-braces-for-details-of-trumps-tax-reform-plan/2017/04/25/1fba8b30-29df-11e7-a616-d7c8a68c1a66_story.html?utm_term=.310c66cde148) -- "'The U.S. tax code is filled with all kinds of ornaments' that help the oil and gas industry, said [Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran). A decades-old depletion allowance, for example, allows companies to deduct money as a natural resource is produced and sold. This comes on top of other deductions for various expenses."

[Read more](https://www.washingtonpost.com/business/economy/washington-braces-for-details-of-trumps-tax-reform-plan/2017/04/25/1fba8b30-29df-11e7-a616-d7c8a68c1a66_story.html?utm_term=.310c66cde148)