Tax Law

State, Department of Revenue v. Nabors International Finance, Inc.

Posted on December 21st, 2022

TAX LAW Supreme Court of Alaska (2022) Robert Bulka In State, Department of Revenue v. Nabors International Finance, Inc., 514 P.3d 893 (Alaska 2022), the supreme court upheld an Alaska tax statute requiring corporate taxpayers to report affiliated corporations incorporated or doing business in low-tax countries. (Id. at 898). The Department of Revenue (Department) audited Continue Reading »

Fairbanks Gold Mining, Inc. v. Fairbanks North Star Borough Assessor

Posted on January 1st, 2022

TAX LAW Adam Beyer In Fairbanks Gold Mining, Inc. v. Fairbanks North Star Borough Assessor, 488 P.3d 959 (Alaska 2021), the supreme court held that value accrued from waste stripping was not exempt from local revenue taxation. (Id. at 966). Under Alaska law, “natural resources in place” are exempt from local government taxation. (Id.). This Continue Reading »

Tax Law

State, Department of Revenue v. Nabors International Finance, Inc.

Posted on December 21st, 2022

TAX LAW Supreme Court of Alaska (2022) Robert Bulka In State, Department of Revenue v. Nabors International Finance, Inc., 514 P.3d 893 (Alaska 2022), the supreme court upheld an Alaska tax statute requiring corporate taxpayers to report affiliated corporations incorporated or doing business in low-tax countries. (Id. at 898). The Department of Revenue (Department) audited Continue Reading »

Fairbanks Gold Mining, Inc. v. Fairbanks North Star Borough Assessor

Posted on January 1st, 2022

TAX LAW Adam Beyer In Fairbanks Gold Mining, Inc. v. Fairbanks North Star Borough Assessor, 488 P.3d 959 (Alaska 2021), the supreme court held that value accrued from waste stripping was not exempt from local revenue taxation. (Id. at 966). Under Alaska law, “natural resources in place” are exempt from local government taxation. (Id.). This Continue Reading »