Alaska Oil Loopholes... wide open baby !!!
Posted: Wed Mar 09, 2016 1:56 pm
I love how they claim its a "Surprise.!!" in the article...
"A loophole in Alaska's oil tax law allows companies losing money in certain circumstances to cover more than 100 percent of their losses with a state cash rebate..."
And the kicker:
"and the amounts are kept secret under state law.."
And: Hilariously
"One oil executive said that cancelling the inflated credit that grows out of the "gross value reduction" would reduce the worth of the Caelus business by 13%"
Read as:
And we're a publicly held company and I get bonuses off the money we steal from Alaska tax payers
http://www.adn.com/article/20160308/uni ... ntent=link
"A loophole in Alaska's oil tax law allows companies losing money in certain circumstances to cover more than 100 percent of their losses with a state cash rebate..."
And the kicker:
"and the amounts are kept secret under state law.."
And: Hilariously
"One oil executive said that cancelling the inflated credit that grows out of the "gross value reduction" would reduce the worth of the Caelus business by 13%"
Read as:
And we're a publicly held company and I get bonuses off the money we steal from Alaska tax payers
http://www.adn.com/article/20160308/uni ... ntent=link