Walker administration says loophole costs $1.4M in taxes from some of the big Washington-based factory trawlers

100 Dollar Bills HD WallpaperGov. Bill Walker’s proposed fish tax increase has drawn attention to a loophole giving a discount of as much as $1.4 million a year to some of the big Washington-based factory trawlers that fish off Alaska’s coast — and Walker’s administration is working to fix it. Price estimates used by the state to assess existing taxes on 300 million pounds of yellowfin sole are less than one-sixth of the true prices upon which the taxes are supposed to be based, according to officials at the state Fish and Game department. Four other types of fish have also been discounted, some drastically, the department says, while one has been overvalued.  Read the rest here 00:11

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