Competitive Framework for Alaska: 2012

North American Wells Fiscal terms Another way of competing with a fiscal system is to design the system for a wide range of economic conditions. In Canada the fiscal systems consist of: • Royalties, based usually on formulas Federal and provincial corporate income tax In the United States the fiscal systems consist of: • Royalties, usually a fixed percentage • Federal and often state corporate income tax Severance (production) taxes • Property taxes 40

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