Ruggiero: Less complicated taxation system betterConsultant recommends stable petroleum system, profit-based, not price-based, with NOLs applied only against production KRISTEN NELSON Petroleum News
If Alaska’s petroleum taxation system were simplified it would make audits easier as well as making paperwork more straightforward for companies paying production taxes in the state.
Such a system would be based on profits not prices and taxes would be bracketed, as are federal income taxes, reduci....
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