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Title: Oil taxation and risks

Abstract

The relationship between the taxation system and the division of risks between the host country governments and the international companies is discussed. The analysis underscores the effect of taxation on the geological and political risks. These two cases are evaluated in two West-African oil-producing countries. It emerges from this that too heavy and regressive taxes greatly increase the risks supported by the two partners. The progressive character of the taxation is a necessary but not a sufficient condition for the reduction of public and private risks. A taxation burden well-balanced among small and large deposits is the best way to reduce the risk due to taxation. The oil-producing countries of this region had made great advances in developing neutral taxation systems but in most cases they must progress further. 15 refs., 3 figs., 1 tab.

Authors:
 [1]
  1. INRS-Energie, Varennes, Quebec (Canada)
Publication Date:
OSTI Identifier:
6762312
Resource Type:
Journal Article
Journal Name:
Energy Journal; (United States)
Additional Journal Information:
Journal Volume: 13:4; Journal ID: ISSN 0195-6574
Country of Publication:
United States
Language:
English
Subject:
02 PETROLEUM; PETROLEUM; TAX LAWS; AFRICA; OIL-EXPORTING COUNTRIES; PETROLEUM INDUSTRY; ENERGY SOURCES; FOSSIL FUELS; FUELS; INDUSTRY; LAWS; 021000* - Petroleum- Legislation & Regulations

Citation Formats

Rodriguez-Padilla, V. Oil taxation and risks. United States: N. p., 1992. Web.
Rodriguez-Padilla, V. Oil taxation and risks. United States.
Rodriguez-Padilla, V. 1992. "Oil taxation and risks". United States.
@article{osti_6762312,
title = {Oil taxation and risks},
author = {Rodriguez-Padilla, V},
abstractNote = {The relationship between the taxation system and the division of risks between the host country governments and the international companies is discussed. The analysis underscores the effect of taxation on the geological and political risks. These two cases are evaluated in two West-African oil-producing countries. It emerges from this that too heavy and regressive taxes greatly increase the risks supported by the two partners. The progressive character of the taxation is a necessary but not a sufficient condition for the reduction of public and private risks. A taxation burden well-balanced among small and large deposits is the best way to reduce the risk due to taxation. The oil-producing countries of this region had made great advances in developing neutral taxation systems but in most cases they must progress further. 15 refs., 3 figs., 1 tab.},
doi = {},
url = {https://www.osti.gov/biblio/6762312}, journal = {Energy Journal; (United States)},
issn = {0195-6574},
number = ,
volume = 13:4,
place = {United States},
year = {Wed Jan 01 00:00:00 EST 1992},
month = {Wed Jan 01 00:00:00 EST 1992}
}