Mr. Erik Milito - The House Committee on Natural Resources ...

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Tax Scenario - Base Case Tax Rates
<strong>The</strong> ‘Base Case’ scenario was used to calculate the current tax revenues collected by the government,
using the following assumptions:
Region Federal Corporate Tax* Royalty Rate
Alaska 35% 16.5% Oil / 12.5% Gas
Deepwater GoM 35% 12.5-18.75%
Shelf GoM 35% 16.67-18.75%
Gulf Coast 35% 12.5%
Mid-Continent 35% 12.5%
Northeast 35% 12.5%
Permian 35% 12.5%
Rockies 35% 12.5%
West Coast 35% 12.5%
* State taxes were applied where applicable . To account for state taxes paid by corporations operating in the Gulf of Mexico, Wood Mackenzie used an
effective state tax rate of 4%
© Wood Mackenzie 28
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