Adam Prestidge
5:21 - 6:12
"we do have the view that if there were ever a cash consideration or a cash repurchase, we would not ask for the monetary value of any tax arrangement to be reflected in any repurchase. So Glenfarm's position is that you would not claim credit for any value added through tax abatement or other relief from the legislature? Representative Sharkey, essentially yes."
“we do have the view that if there were ever a cash consideration or a cash repurchase, we would not ask for the monetary value of any tax arrangement to be reflected in any repurchase. So Glenfarm's position is that you would not claim credit for any value added through tax abatement or other relief from the legislature? Representative Sharkey, essentially yes.”
- Speaker
- Adam Prestidge
- Timestamp
- 5:21 – 6:12
- Community
- Alaska News
- Location
- Alaska
From the transcript
It is beyond any practical sense that Glenfarn would be would be seeking this tax arrangement with any type of a view to evaluation in terms of if hypothetical after hypothetical occurred and the whole project fell apart. That's not— that hasn't even entered into our thinking. That said, I understand the sensitivity around it, and we do have the view that if there were ever a cash consideration or a cash repurchase, we would not ask for the monetary value of any tax arrangement to be reflected in any repurchase. So Glenfarm's position is that you would not claim credit for any value added through tax abatement or other relief from the legislature? Representative Sharkey, essentially yes.
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