Matt Mead presented Local Revenue Development, an overview of municipal revenue opportunities around Arctic mining, as part of the Institute of the North’s Week of the Arctic Economic Development Summit focused on responsible mining in the Arctic region. Matt’s presentation included an overview of municipal taxing authority and severance taxes structured around arctic mining.
institutenorth.org/engage/events/development-dialogue/
This presentation followed the firm’s 2017 representation of the Northwest Arctic Borough in litigation over the Borough’s severance tax, which ultimately resulted in resolution through negotiation a Payment in Lieu of Tax agreement with Teck Alaska with an estimated value of over $200 million for the 10-year agreement term.