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Evolution of Alaska's oil taxes

...disadvantage of the state. In periods of high oil prices, for example, the oil values rose, driven by high oil prices.Those changes would bring in...industry's "windfall" from high oil prices, it was argued. Later, in 2008...
My Turn: The word Parnell refuses to say: 'deficit'

...That legislation capped the Alaska take at high prices so there is no longer a "fill up the saving accounts at high oil prices" option. Parnell eliminated that option.Parnell is also playing an accounting shell game with the PERS/TRS (Public...
ExxonMobil manager says work going well at Point Thomson

...previous tax structure, which was changed by the Alaska Legislature in 2013, was overcomplicated and burdensome at higher oil prices."I just want to say what is important about oil tax reform from our perspective," Hagedorn said. "If I could...
Parnell signs budget bills, makes no vetoes

...the oil tax. Wielechowski, for example, favors returning to a tax structure that captures more for the state at higher oil prices. A referendum on the oil tax is scheduled for August.Parnell, for his part, told the Rotary group the best facts...
My Turn: Facts and rhetoric on oil tax reform

...concedes SB21 would have reduced Alaska revenue by over $1 billion per year. If it were in place at 2012 and 2013's higher oil prices. SB 21 should be replaced by a law letting Alaskans share fairly when high prices create staggering corporate profits...
My Turn: Economic research shows Alaska is better off under new oil tax charge of our tax policy. As both Democrats and Republicans acknowledged, ACES took too much of the profit at high oil prices and left Alaska too exposed at lower oil prices. Oil tax reform made Alaska more competitive, which has already led...
My Turn: Real facts on oil tax reform

...rationale by carefully comparing the two tax regimes. In particular, with the extreme progressivity of ACES triggered by high oil prices, there was very little upside value to the oil companies to offset the investment risk they must assume in order...
Gubernatorial candidates spar at forum

...The prior tax system, former Gov. Sarah Palin's Alaska's Clear and Equitable Share, brought in more money at high oil prices. Walker said it may have needed adjustment, but without it, Alaska would be a different place and in debt today...
Alaska needs better than SB 21 and ACES tax by another name that's intended to bring into the state coffers a small portion of the windfall from higher oil prices. Progressivity wasn't unique to ACES. It's something most of us deal with every year when filing our federal...
Alaska officials revise oil production estimates

...revenues over the forecast period through 2023. That compares to about 89 percent for this year. The state will need higher oil prices, of around $100 a barrel, and/or stable or increasing production to maintain stable or increasing state revenue...
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