Alaska is Unique When it Comes to Oil Ownership and Taxes

Around the globe, there are two basic systems governing the ownership of oil. In the first, resources are owned and controlled by the government. In the second, personal property rights extend all the way down to the core. The difference between the treatment of subsurface mineral ownership has far reaching implications. And, Alaska finds itself[…]

What Will the New Decade Bring for Alaska?

If you were on social media at all last week, you probably got your fill of reflections, resolutions, and predictions. Everyone wants to talk about what happened in 2019 and what 2020 will bring. But, we didn’t just turn the calendar this year – we changed decades. So, just for fun, here are some predictions[…]

Taxes Part 2: Tax Implications on the Economy

Before we can have a meaningful discussion about tax policy, let me briefly describe the way an economy functions. Until that foundation is laid, the impacts of taxation cannot be fully understood. The Bucket Analogy A classic metaphor of an economy is to visualize a bucket of water. The level of water within the bucket[…]