Alaskas oil tax system is a complete sham, gamed and layered by the oil lobby, to shake us down.

If we're to stay with a % of profits tax, we need to return to Separate Accounting, where only a co's Alaska operation is considered. And not where they're permitted to write down losses elsewhere,  against their AK profits.  Yes...that's the starting point. HB 191 proposed by Seaton, would fix that.

Better still, we should simply declare that the game is over, and go to a straight out % of gross. Take this crooked and bought off bunch of clowns in the legislative majority,  completely out of the equation.