KNBA News

Some shareholders wary as Sealaska proposes trust to handle future payouts


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The leadership of Sealaska, the Native corporation for Southeast Alaska, is asking its shareholders to approve the creation of a type of tax shelter called a trust . Sealaska says it wants to take advantage of the 2017 tax overhaul passed by Congress that allows corporations to offer tax-free payments to shareholders . “Sealaska’s philosophy around investments has always been one based on our Native values,” Sealaska’s chief executive Anthony Mallott says during a two-minute video produced by
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