State says new tax is fiscal neutral
At anticipated oil prices both ACES and MAPA tax system would raise similar revenues; other factors caused revenue forecast to drop
With opponents of the State of Alaska’s new oil production tax characterizing the tax change as a $2 billion giveaway, the debate over the tax is heating up ahead of an August referendum on whether the tax change should be repealed. But the state remains adamant that, far from being a giveaway, the....
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Lower prices, higher expenditure
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