The Taxation Of Petroleum And Minerals

Author : Philip Daniel,Michael Keen,Charles McPherson
Publisher : Routledge
Page : 480 pages
File Size : 51,9 Mb
Release : 2010-04-15
Category : Business & Economics
ISBN : 9781136966941

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The Taxation of Petroleum and Minerals by Philip Daniel,Michael Keen,Charles McPherson Pdf

There are few areas of economic policy-making in which the returns to good decisions are so high—and the punishment of bad decisions so cruel—as in the management of natural resource wealth. Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust prosperity; but they have left others riddled with corruption and persistent poverty, with little of lasting value to show for squandered wealth. And amongst the most important of these decisions are those relating to the tax treatment of oil, gas and minerals. This book will be of interest to Economics postgraduates and researchers working on resource issues, as well as professionals working on taxation of oil, gas and minerals/mining.

Author : Philip Daniel,Michael Keen,Charles McPherson
Publisher : Routledge
Page : 368 pages
File Size : 51,9 Mb
Release : 2010-04-30
Category : Business & Economics
ISBN : 0203851080

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The Taxation of Petroleum and Minerals: Principles, Problems and Practice by Philip Daniel,Michael Keen,Charles McPherson Pdf

There are few areas of economic policy-making in which the returns to good decisions are so high—and the punishment of bad decisions so cruel—as in the management of natural resource wealth. Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust prosperity; but they have left others riddled with corruption and persistent poverty, with little of lasting value to show for squandered wealth. And amongst the most important of these decisions are those relating to the tax treatment of oil, gas and minerals. This book will be of interest to Economics postgraduates and researchers working on resource issues, as well as professionals working on taxation of oil, gas and minerals/mining.

Author : Ross Garnaut,Anthony Clunies Ross,Anthony Ian Clunies Ross
Publisher : Unknown
Page : 360 pages
File Size : 40,9 Mb
Release : 1983
Category : Business & Economics
ISBN : UCAL:B4277679

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Taxation of Mineral Rents by Ross Garnaut,Anthony Clunies Ross,Anthony Ian Clunies Ross Pdf

How should governments manage their countries mineral and oil-gas resources? This book deals with the relationships between governments and mining companies; governments participation in mining enterprises; stabilization in the face of fluctuating mineral revenue; and possible forms for tax systems and their administration.

Author : Robert F. Conrad,R. Bryce Hool
Publisher : Unknown
Page : 136 pages
File Size : 44,6 Mb
Release : 1980
Category : Business & Economics
ISBN : UOM:39015019150468

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Taxation of Mineral Resources by Robert F. Conrad,R. Bryce Hool Pdf

Author : Jean-François Wen
Publisher : International Monetary Fund
Page : 32 pages
File Size : 51,9 Mb
Release : 2018-06-13
Category : Business & Economics
ISBN : 9781484363119

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Progressive Taxation of Extractive Resources as Second-Best Optimal Policy by Jean-François Wen Pdf

The paper provides a critical review of the literature on the concept of progressivity in the taxation of petroleum and mineral resources and offers a fresh perspective on its purpose and measurement. Regressive taxes, such as royalties, exist to satisfy policy objectives other than revenue maximization, such as achieving early revenues, while rent-based or profit-sensitive fiscal instruments must be designed with progressive marginal rates to maximize government revenues. Hence, the emphasis should be placed on tax rate progression of the direct taxation of profit or rent, rather than progressivity in the overall government take. However, as regressive taxes, by their very nature, tend to be distortionary, the optimal degree of progression in the rent- or profit-tax rates must take these distortions into account. The central ideas are illustrated with a simple analytical model in which a second-best optimal tax rate schedule on profit is characterized in the presence of the tax distortions caused by the regressive taxes. Some practical implications of the analysis are discussed.

Author : Mr.James L. Smith
Publisher : International Monetary Fund
Page : 26 pages
File Size : 47,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781475573466

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Issues in Extractive Resource Taxation by Mr.James L. Smith Pdf

This paper provides a conceptual overview of economists’ attempts to learn about the effects of taxes on extractive resources. The emphasis is on research methods and techniques, with no attempt to provide a comprehensive tabulation of previous empirical results or policy conclusions regarding preferred tax instruments or systems. We argue, in fact, that the nature of such conclusions largely depends on the researcher’s choice of modeling framework. Many alternative frameworks and approaches have been developed in the literature. Our goal is to describe the differences among them and to note their strengths and limitations.

Author : John V. Krukowski
Publisher : Don Mills, Ont. : CCH Canadian
Page : 720 pages
File Size : 51,7 Mb
Release : 1987
Category : Income tax
ISBN : STANFORD:36105043994651

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Canadian Taxation of Oil and Gas Income by John V. Krukowski Pdf

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 82 pages
File Size : 45,8 Mb
Release : 2012-08-16
Category : Business & Economics
ISBN : 9781498340069

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Fiscal Regimes for Extractive Industries—Design and Implementation by International Monetary Fund. Fiscal Affairs Dept. Pdf

Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación

Author : Thomas Baunsgaard
Publisher : International Monetary Fund
Page : 40 pages
File Size : 50,6 Mb
Release : 2001
Category : Mineral industries
ISBN : UCSD:31822031306285

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A Primer on Mineral Taxation by Thomas Baunsgaard Pdf

Options available to tax mineral extraction projects, particularly in developing countries.

Author : Ms. Alpa Shah
Publisher : International Monetary Fund
Page : 36 pages
File Size : 50,7 Mb
Release : 2021-10-18
Category : Business & Economics
ISBN : 9781513599663

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Natural Resource Taxation in Mexico: Some Considerations by Ms. Alpa Shah Pdf

Mexico has large extractive industries and it traditionally has raised sizable fiscal revenues from the oil and gas sector. A confluence of factors—elevated commodity prices, financial challenges of the state-owned oil company Pemex, and revenue needs for financing social and public investment spending over the medium term—suggest that a review of Mexico’s taxation regimes for natural resources would be opportune, against the backdrop of a comprehensive approach to tackling Mexico’s challenges. This paper identifies opportunities for redesigning mining taxation to increase somewhat the revenue intake while maintaining the favorable investment profile of the sector. It also discusses recent reforms to the oil and gas fiscal regime and future reform considerations, with attention to the attractiveness of investment on commercial terms—an issue that should be placed in the context of an overall reform of Pemex’s business strategy and possibly of the energy sector more generally.

Author : Richard A. Westin
Publisher : Unknown
Page : 514 pages
File Size : 42,9 Mb
Release : 1987
Category : Forests and forestry
ISBN : STANFORD:36105043988851

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Taxation of Natural Resources by Richard A. Westin Pdf

Monograph designed to explain the federal and state income taxation of U.S. natural resources namely oil and gas, minerals and timber.

Author : Denney L. Wright
Publisher : Aspen Publishing
Page : 575 pages
File Size : 48,8 Mb
Release : 2019-11-14
Category : Law
ISBN : 9781543817584

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Oil and Gas Tax by Denney L. Wright Pdf

Taxation of oil and gas is one of the more complicated areas of the U.S. federal income tax law. Unique principleshave developed over the years as Congress, the IRS, the courts and taxpayers have designed, interpreted, and pursued energy development. Taxpayers and the government have had to deal with the high risk and significant costs associated with oil and gas development, all within the context of oil and gas production being a core national security priority through the years. The unconventional revolution combined with continued significant conventional development has caused a renewed interest in these matters. Taxation is always crucial in judging the economics of oil and gasdevelopment, so this casebook should prove timely as taxpayers and financial advisors renew their interest — or immerse themselves for the first time — in these concepts and principles. A particular challenge is application of conventional rulesto unconventional production processes, which is highlighted and explored in this timely casebook. The aim of Chapter 1 is to provide an overview of the history of oil and gas development in the United States, as well as to introduce basic federal income tax concepts. This knowledge will facilitate the in-depth study of U.S federal oil and gas taxation in Chapters 2–11. Professors and students will benefit from: Discussion of historic oil and gas industry and general federal income tax issues Discussion of oil and gas tax principles, provisions and policies, highlighting unique aspects of the law Text that fits unconventional development into the conventional tax rules developed over the years Practitioners will benefit from: Refresh of oil and gas tax issues contained in a casebook dedicated entirely to oil and gas tax matters Comparison and contrast of unconventional and conventional principles, policies and tax rules

Author : Patrick A. Hennessee
Publisher : Lippincott Williams & Wilkins
Page : 660 pages
File Size : 50,6 Mb
Release : 2008
Category : Business & Economics
ISBN : 0808019716

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Oil and Gas by Patrick A. Hennessee Pdf

The taxation of natural resources is one of the more complicated areas of the U.S. federal income tax system. From the acquisition of the mineral rights, to the exploration and development of the property, to the ultimate production of the mineral, there are unusual and challenging tax aspects along every step of the way. Oil and Gas: Federal Income Taxation is an invaluable single-source handbook for accounting, tax and legal practitioners concerned with financial issues related to oil and gas industry tax law. Updated and revised by noted oil and gas taxation authorities, Patrick A. Hennessee, Ph.D., CPA, and Sean P. Hennessee, J.D., M.S. Taxation, M.B.A., this detailed reference is divided into six main sections:

Author : United States. Congress. House. Committee on Ways and Means
Publisher : Unknown
Page : 260 pages
File Size : 48,7 Mb
Release : 1973
Category : Taxation
ISBN : UCR:31210019112281

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General Tax Reform: Natural resources by United States. Congress. House. Committee on Ways and Means Pdf

Author : Australia,Thomson Reuters Australia, Limited,Luis Vasquez
Publisher : Unknown
Page : 502 pages
File Size : 54,5 Mb
Release : 2013
Category : Fuel
ISBN : 0864608241

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Mineral and Petroleum Resources Rent Tax Legislation 2013 by Australia,Thomson Reuters Australia, Limited,Luis Vasquez Pdf

Contains all the essential tax legislation relating to the minerals resource rent tax (MRRT) and petroleum resource rent tax (PRRT) in a single volume with an easy-to-follow, logical layout.