Producers: tax too highCompanies support oil tax to get gas; say it will discourage investment By Kristen Nelson Petroleum News
The major North Slope producers showed up in Juneau to testify on the administration’s proposed production profits tax with a single message: The new tax will result in less, not more, investment on Alaska’s North Slope.
The proposed tax is too high and would make some North Slope development unecon....
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12.5% vs. 20% The 6% decline ExxonMobil would oppose just a tax increase PPT at 13% would match today’s tax
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