• Overcast
  • 45°
    Overcast
http://sealaska.com
  • Comment

Parnell's oil tax numbers don't add up

Posted: June 10, 2012 - 12:05am

The U.S. Department of Interior published a worldwide comparative analysis of taxes on oil profits. (Profits: Distributable cash remaining after production and shipping costs are paid.) It placed Louisiana’s tax at 85 percent; federal waters off Louisiana 79 percent; Texas and Alaska 76 percent. Gov. Sean Parnell told the Alaska Oil and Gas Association’s (AOGA) Make Alaska Competitive luncheon, “Alaska’s tax equated 72 percent.” Common Wealth North published 73 percent. AOGA parrots the Interior Dept. at 76 percent. Mexico’s government publications show a tax equivalent of 94 percent. However, AOGA falsely advertises that Alaska’s oil tax is the highest in North America? Parnell’s Deputy Commissioner of Revenue Bruce Tangeman told our senators the same. Rep. Mike Hawker said it in the Anchorage Daily News. Their continual repeat of this false claim is the basis for their argument that Alaska is “uncompetitive.” It’s their rationale for diverting 30 years worth of future PFDs into the pockets of the oil company share holders that fund their campaigns. Months ago, I delivered proof of Mexico’s 94 percent tax to Parnell’s Commissioner, Hawker, and AOGA. No response no corrections. Where is the integrity?

Ray Metcalfe

Anchorage

  • Comment

Comments (4)

Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
Mama T
2396
Points
Mama T 06/11/12 - 05:57 am
0
1

And???

Was there more to this?

haineschris
2213
Points
haineschris 06/11/12 - 12:21 pm
2
0

Disco Ray

Let's hear what Ray has to say.

Abby Lowell
290
Points
Abby Lowell 06/11/12 - 03:06 pm
0
0

Oops!

Sorry, everyone. Our system seems to have experienced a glitch when sending this letter to web.
We apologize for any confusion. The problem has been corrected.

Back to Top

Spotted

Please Note: You may have disabled JavaScript and/or CSS. Although this news content will be accessible, certain functionality is unavailable.

Skip to News

« back

next »

  • title http://spotted.juneauempire.com/galleries/376863/ http://spotted.juneauempire.com/galleries/359852/ http://spotted.juneauempire.com/galleries/376858/
  • title http://spotted.juneauempire.com/galleries/376853/ http://spotted.juneauempire.com/galleries/376843/ http://spotted.juneauempire.com/galleries/368637/
  • title http://spotted.juneauempire.com/galleries/376838/ http://spotted.juneauempire.com/galleries/376833/
Fire Academy Graduation

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-3028
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2270
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING