4 Petroleum fiscal regimes
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
19 Apr 2010
Keywords:
fiscal regime; taxable income; NOC interaction; tax relief; rate of return; Oil; gas and mining taxes; Production sharing; Oil prices; Eastern Europe

Abstract

The central objective in designing petroleum1 fiscal regimes is easily stated. It is to acquire for the state in whose legal territory the resources in question lie, a fair share of the wealth accruing from the extraction of that resource, whilst encouraging investors to ensure optimal economic recovery of the hydrocarbon resources. How to achieve this balance is a subject of enduring controversy.

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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