(DOWNLOAD) "Gulf Oil Corporation v. State Alaska" by Supreme Court of Alaska " Book PDF Kindle ePub Free
eBook details
- Title: Gulf Oil Corporation v. State Alaska
- Author : Supreme Court of Alaska
- Release Date : January 25, 1988
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 80 KB
Description
Another question, on Gulfs 1972 through 1977 returns, involves the fraction of Gulfs worldwide income allocable to Alaska. One factor in determining that fraction is the proportion of Gulfs worldwide property located here. In that computation, property is ordinarily valued at cost. AS 43.19.010, art. IV, 11. We must determine whether Gulfs non-producing Alaska oil leaseholds should be valued at cost or at zero. Valuing the leaseholds at zero would decrease the fraction of Gulfs worldwide income allocable to this state, and thus decrease Gulfs Alaska tax.