TAILIEUCHUNG - The Taxation of Petroleum and Minerals

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 coun- tries 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 | THE TAXATION OF PETROLEUM AND MINERALS PRINCIPLES PROBLEMS AND PRACTICE Edited by Philip Daniel Michael Keen and Charles McPherson The Taxation of Petroleum and Minerals 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 provides a comprehensive and accessible account of the main issues -drawing lessons from theory describing the main features of current practice in each of these areas and addressing the practicalities of administration - in taxing these resources. What share of the proceeds from the extraction of these resources should governments take How can investors be given the assurances in relation to tax treatment they require if they are to be willing to invest billions of dollars in projects that will last decades To what extent and how should government s tax take be sensitive to commodity prices How can governments evaluate alternative possible tax regimes Can and should auctions play a greater role in these sectors What is the experience with and potential of innovative forms of corporate taxation in this area Should government participate directly in exploration and extraction These and many other key questions receive thorough attention. The contributions in this book - by widely-respected experts drawn from the international institutions academe and the private sector - provide a guide to past experiences and current thinking as well as some new ideas on profits tax design that is not only readable but detailed enough to inform practical .

• Tài chính doanh nghiệp
• resource taxation
• evolution
• challenges
• experience
• International mineral
• mineral taxation
• taxation system
• Tax benefits
• Types of entities
• Importance of treaties
• Investment through
• equity investments
• The demand for resources
• Wage determination
• Natural resource
• Energy economics
• Information asymmetries
• Public choice theory
• The economics of taxation
• Antitrust policy