Adam Prestidge
101:47 - 102:34
“Putting this pass-through entity tax in the place where it would assign the pass-through entity tax of 9% at the LNG LLC level would be a unique burden on any project finance vehicle. Typically a project finance vehicle is set up as a pass-through entity and the upstairs shareholders pay tax on that because— so that they can all invest under their different arrangements.”
- Speaker
- Adam Prestidge
- Timestamp
- 101:47 – 102:34
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
From a project perspective, I appreciate your point. We've done a lot of things over the course of deliberation on this tax arrangement to reduce the tax burden on the project. Putting this pass-through entity tax in the place where it would assign the pass-through entity tax of 9% at the LNG LLC level would be a unique burden on any project finance vehicle. Typically a project finance vehicle is set up as a pass-through entity and the upstairs shareholders pay tax on that because— so that they can all invest under their different arrangements. And the LNG Entity LLC is evaluated on a pre-tax basis without taking into consideration the loss of, you know, 9% at that level.
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