Alaska’s production tax auditing faulted
Inadequate management controls could shortchange state, legislative report says; Department of Revenue struggles with tax reforms
For Petroleum News
The Alaska Department of Revenue’s Tax Division needs to tighten up management controls over audits of oil and gas severance tax revenue, a new report on state finances says.
The severance tax, also known as production tax, is a major source of state revenue, generating nearly $2.9 billion in fiscal....
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Tax overhauls cause strain
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