15 Time consistency in petroleum taxation
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
19 Apr 2010
Keywords:
BOOK; government; country; economic rent; State participation; rate of return; tax authorities; cash flow; government share; host government; Resource rent tax; Oil; Tax administration core functions; Corporate income tax; Oil sector; Africa; Global; North America; Caribbean; Sub-Saharan Africa

Abstract

Operating as they do in some of the world’s more unpredictable and unstable countries, petroleum companies face considerable political risk. A hot topic in the energy sector at present is the expropriation of investment by host states. According to Erkan (2008), direct expropriation has been rather exceptional over the past two decades and has been replaced by indirect (creeping and regulatory) expropriation.

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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