Analysis of the impacts of the President's tax proposal on major sectors of the energy industry
The purpose of this study is to assess the impact of the President's tax proposal on the energy sector. The study consists of two parts. The first part specifically addresses the impacts of the President's tax proposal on the oil and gas, coal, and electric utility sectors of the energy industry. Impacts were examined at both the project and corporate levels. The study focuses on proposed changes in corporate income taxation. Results show that the impacts of the President's tax proposal vary across the energy sector. Taxes levied on coal operations would rise. Those levied on oil and gas remain about the same if measured at the overall corporate level. Looking at oil and gas production operations separately from other lines of business (downstream, foreign, and subsidiary operations), taxes would tend to fall, except in the case of the small independents. Taxes paid by electric utilities would tend to fall. Within each sector, however, substantial variation among firms would be evident due to differing circumstances of corporate diversity and rate of growth. 11 figs., 38 tabs.
- Research Organization:
- USDOE Energy Information Administration, Washington, DC
- OSTI ID:
- 5319288
- Report Number(s):
- DOE/NBM-5017015; ON: DE85017015
- Resource Relation:
- Other Information: Portions of this document are illegible in microfiche products
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
COAL INDUSTRY
TAXES
ELECTRIC UTILITIES
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
ECONOMIC IMPACT
ECONOMIC ANALYSIS
ECONOMICS
INDUSTRY
PUBLIC UTILITIES
294002* - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas
296000 - Energy Planning & Policy- Electric Power
290200 - Energy Planning & Policy- Economics & Sociology