BP pays Alaska $18 million in tax settlementAgreement follows audits of 2000, 2001 taxes and changes in how production valued after BP acquired ARCO refineries that process Alaska crude oil Mary Pemberton Associated Press Writer
BP Exploration (Alaska) Inc. has agreed to pay the state of Alaska $18 million to settle a dispute over taxes.
The money was to be deposited Aug. 26 into the state’s Constitutional Budget Reserve Fund, the fund Alaska uses to bridge gaps in the state budget. Alaska relies on oil for more than 80 pe....
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Problem goes back to ARCO refinery acquisition
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