Oil Taxes 101. Bradford Keithley Perkins Coie, LLP Partner & Co-Head, Oil & Gas Practice March 29, 2013. Agenda. Understanding investment The role of government take in investment Five important elements of oil tax policy A comment on tax credits
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Perkins Coie, LLP
Partner & Co-Head, Oil & Gas Practice
March 29, 2013
Government take levels are hugely significant … even under the current version of SB 21, government take exceeds investor take …
ISER (Jan. 2013):
“Reasonable assumptions about potential new revenue sources suggest we do not have enough cash in reserves to avoid a severe fiscal crunch soon after 2023, and with that fiscal crisis will come an economic crash.”
My concern: Alaska will not attract significant long term investment tied to its natural resources as long as potential investors see the type of fiscal cliff demonstrated in ISER’s analysis and anticipate that, once reached, they will be expected to be part of the solution.