1 Introduction
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
19 Apr 2010
Keywords:
government risk; resource tax regime; tax authorities; state participation; host government; Fiscal stabilization; Natural resources; Tax administration core functions; Oil; Corporate income tax; Africa; Western Europe; East Asia; Northern Europe

Abstract

There is big money in oil, gas, and minerals – big not only in absolute terms but also, and more importantly, relative to the overall size of many resource-endowed countries. Upfront investment costs are commonly huge, as are the potential rewards (and losses). How all this gets shared between the governments that control access to the resources and those who discover and exploit them-that is, how these resources are taxed – can have a powerful impact on the economic and political fate of resource-rich countries.

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Cover The Taxation of Petroleum and Minerals
The Taxation of Petroleum and Minerals
Principles, Problems and Practice
ISBN:
9780415781381
Publication Date:
19 Apr 2010
Publisher:
Routledge
DOI:
https://doi.org/10.5089/9780415781381.071
Pages:
471