0:42
Nicholas Fulford
39:51 - 40:34
"the most significant learning, which we'll perhaps come on to, is that in offering these tax concessions for 10 years, it's kind of recognizing that with these very high capital projects, it is in that first 10 years that the economic boost given to the project by tax forgiveness is the greatest."
“the most significant learning, which we'll perhaps come on to, is that in offering these tax concessions for 10 years, it's kind of recognizing that with these very high capital projects, it is in that first 10 years that the economic boost given to the project by tax forgiveness is the greatest.”
- Speaker
- Nicholas Fulford
- Timestamp
- 39:51 – 40:34
- Source
- SFIN-260528-0900
- Community
- Alaska News
- Captured at
- May 28, 2026
From the transcript
I would say the most significant learning, which we'll perhaps come on to, is that in offering these tax concessions for 10 years, it's kind of recognizing that with these very high capital projects, it is in that first 10 years that the economic boost given to the project by tax forgiveness is the greatest. So that's probably the main takeaway, I think, from this, that it's that 10 years. And I could give you dozens of examples of other 10-year tax holidays, whether it be, you know, Trinidad or Senegal or wherever it happens to be. So it's kind of a long answer to the question, but it's a valid point. Senator Kaufman.