1. UPDATE ON ALASKA.
- Author
-
Williams, Michael D.
- Subjects
- *
ECONOMIC demand , *GAS producing machines , *NATURAL gas pipelines , *TAX laws , *ECONOMIC impact , *PRODUCTION (Economic theory) , *ECONOMIC history - Abstract
The article focuses on the developments particularly issues about the proposed oil and gas production tax and the evolution of a natural gas pipeline that would channel gas from Alaska to the U.S. The state has proposed a production new tax system labeled as the Petroleum Profits Tax (PPT) that would substitute the tax system that use the Economic Limit Factor (ELF). The two reasons for changing Alaska's production tax system are to eradicate problems inherent in the current ELF-based system and to promote development of a natural gas pipeline by providing fiscal certainty on a state production tax system that is not flawed.
- Published
- 2006