Alaska’s Oil Giants Face Tax Shift | Anchorage News

Alaska’s lawmakers are locked in a fierce debate over whether to tax privately held oil and gas companies like Hilcorp and Glenfarne — currently flying under the radar because their profits escape state corporate income tax. With oil and gas fueling nearly $2 billion in annual revenue, critics argue these companies, which benefit from state services like roads and education, should pay their fair share through profit taxes — especially as they eye massive property tax breaks for a new pipeline. The push is on to close the loophole and ensure Alaska’s biggest energy players contribute to the very infrastructure that supports their operations. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ec80d5f28c2f1406