Homer Alaska - Letters

Story last updated at 4:30 PM on Wednesday, June 13, 2012

False claims made about oil taxes

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 Louisianas tax at 85 percent; federal waters off Louisiana 79 percent; Texas and Alaska, 76 percent.

Gov. Sean Parnell, told the Alaska Oil and Gas Associations Make Alaska Competitive luncheon, Alaskas tax equated 72 percent. Common Wealth North published 73 percent. AOGA parrots Interior at 76 percent. Mexicos government publications show a tax equivalent of 94 percent.

However, AOGA falsely advertises that Alaskas oil tax is the highest in North America. Parnells deputy commissioner of Revenue told our senators the same. Representative 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. Its their rationale for diverting 30 years worth of future PFDs into the pockets of the oil company shareholders that fund their campaigns.

Months ago, I delivered proof of Mexicos 94 percent tax to Parnells commissioner, Hawker and AOGA. No response, no corrections. Where is the integrity?

Ray Metcalfe



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