Parnell's oil tax numbers don't add up

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

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-9097
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING

 

More

Sun, 02/18/2018 - 06:10

Who is next?

I have a brand new grandson. That means that I have one more person to love. That also means that the risk of losing someone... Read more

Sun, 02/18/2018 - 06:09

Opinion: Angoon concerns not irrelevant

Deputy Mayor Jerry Nankervis was quoted in the Juneau Empire as saying the concerns of the Angoon people (regarding being annexed by the Juneau borough),... Read more

Opinion: Hydro One is a campaign issue in Ontario

The sale of Alaska Electric Light and Power/Avista is likely to drag Juneau into the politics of Ontario Province where the partial privatization of Hydro... Read more

Looks can be deceiving

I am old, heavy, and brown.

Read more