Tag: 上海龙凤419SK

Johnson looking for a new home

first_imgLast month it was revealed the Warriors told their star player he could test his value on the free market, indicating they weren’t willing to re-sign him.Johnson took to social media Monday afternoon to “clear up” his situation.He said at this stage there’s no contract for him to sign beyond 2019 and that he’s already approached some rugby league clubs in Australia to pique their interest.The Canberra Raiders had been touted as a potential home for Johnson if he was to leave the Warriors, however the club said earlier this month that its not formally considering him as an option.Johnson signed a two year deal with the Warriors last year believed to be worth seven figures a season.The 28-year-old has played 162 NRL games since making his debut in 2011 and has been the face of the club for the past five years.In 2014 Johnson was named the world’s best player following New Zealand’s successful Four Nations campaign.last_img read more

Special session nears end without public progress on oil taxes

first_imgRep. Geran Tarr, D-Anchorage, speaks during a House Floor session in April. Tarr and the House majority haven’t agreed on an oil and gas tax bill with the Senate majority. (Photo by Skip Gray/360 North)As of late afternoon Thursday, the Alaska Senate and House hadn’t made any public progress on oil and gas tax legislation. They met Wednesday, but they still can’t agree on how to replace the state system allowing companies to receive tax credits. Lawmakers only have two more days in the special session.Listen nowWhen oil companies that aren’t major producers spend money to develop new fields, they get tax credits from the state they can trade for cash. It’s an incentive for companies that are smaller or newer to the state to do business here.Both House and Senate members want to get rid of these cash credits. But House members want to delay replacing these credits. Senators want to allow companies to use the losses to reduce the taxes they’ll have to pay in the future.Sitka Republican Sen. Bert Stedman said companies need to know what will happen when they spend in Alaska. He said that won’t happen under the House’s revisions to the oil and gas tax bill, known as Version X.“If you want to put the industry in the freezer in Alaska – literally, shut it down – for expansion into these new, fairly colossal fields that have been targeted, this is how to do it,” Stedman said. “We need to take this Version X and quite frankly put it into the shredder.”Anchorage Democratic Rep. Geran Tarr said the state can’t afford to give up a similar amount in future taxes than it currently hands out in cash credits. She said the money is needed to fill in the gap between what the state spends and what it raises in taxes, fees and oil royalties. Without any changes, she said Permanent Fund dividends could be cut further.“Every dollar not earned through a reasonable oil tax puts more pressure on the use of the PFD for state government,” Tarr said.Senators said the Legislature should make progress with what both sides can agree on: getting rid of cash credits.Anchorage Republican Sen. Cathy Giessel said the state would be in worse shape financially if uncertainty leads to less oil production. That would mean fewer royalties flowing to the state.“We are focused on making sure that we continue production on the North Slope, because this royalty value is significant,” Giessel said.Rep. Andy Josephson, an Anchorage Democrat, raised the possibility of putting setting an end date on when companies can use – or carry forward — their losses from spending on oil-field development or leases to lower future taxes. He said that would put pressure on lawmakers to make more changes to the tax system.“We don’t know how we can have that serious discussion without further discussion to carry-forward lease expenses,” Josephson said.State Tax Division Director Ken Alper agreed with senators who expressed concern about the uncertainty potentially caused by the House bill.“It does create an uncertainty to not know what sort of value you’re going to get for your spending,” Alper said. “And so I understand why there is some consternation from the Senate side and from some in industry as to why this House compromise bill might not be a completely viable solution.”But Alper said there’s still room for compromise between the two chambers.“I encourage the two sides to continue to talk to find some sort of middle ground on the valuation of losses on what some will call cost recovery, so that we can all complete this project for 2017 and move on to what’s next in passing a fiscal plan,” Alper said.The special session must end by Saturday.Alaska’s Energy Desk’s Rashah McChesney contributed to this report.last_img read more