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Houston, Texas 77027
(713) 621-9720
Copyright © 2010: PennWell Corporation
All Rights Reserved.
Income Taxes
Income Taxes news and technical articles from Oil & Gas Journal. Search Income Taxes latest and archived news and articles
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Thailand to ease concession terms
… Thailand wants to make its participation terms more attractive to international producers and might cut royalty and income taxes in a bid to promote oil and gas production from marginal wells. The proposal followed a recent finding by Chulalongkorn …
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U.S. INDUSTRY GIRDING FOR BATTLE AGAINST CLINTON ENERGY TAX PLAN
… the package is designed to raise $79.3 billion from a BTU tax on energy, $126 billion from higher individual income taxes , and $30.6 billion by boosting the corporate tax rate to 36% from 34%. Other tax measures would bring total revenues …
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Pakistan adopts offshore E&D incentives
The Pakistan government approved a package of offshore exploration and development incentives Jan. 17. The incentives will apply to new and existing licenses for 5 years. The government hopes alterations of exploration periods, import duties and taxes, corporate income taxes , and royalties will ...
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North American Resource Value — 2: North American tight oil play economics compared
… owners and governments). This cost includes bonuses for land acquisition, royalties, state, and federal corporate income taxes , property taxes, and severance taxes. 2. Formation depths in Canada are generally shallower than those in the US …
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Method helps operators determine best times to shut down projects
… example, abandonment costs and income taxes are usually ignored. In fact ..... view, abandonment costs and income taxes are real cash outflows which ..... royalties, taxes other than income taxes , and operating expenditures …
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First-quarter results vary as oil, gas prices diverge
… Revenues were $114 billion, and capital and exploration expenditures totaled $7.821 billion for the 3 months. Income taxes for the quarter were $8 billion. Upstream earnings outside the US climbed 57% from a year earlier to $7.4 billion …
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Leading with energy
… average per-barrel earning rates implied by Energy Information Administration data and a top rate of 35%, corporate income taxes alone would increase by $5.4 billion/year. And 1.2 million new workers earning the US average wage of $41 …
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Being right would make the righteous more persuasive
… incorrect. The American Petroleum Institute reports Compustat North America data showing oil and gas companies pay income taxes at an effective rate of 41.1%. For industrial companies excluding oil and gas companies, the effective rate is 26 …
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Being right would make the righteous more persuasive
… incorrect. The American Petroleum Institute reports Compustat North America data showing oil and gas companies pay income taxes at an effective rate of 41.1%. For industrial companies excluding oil and gas companies, the effective rate is …
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Fairness and elitism
… Compustat, the American Petroleum Institute reports that income tax expense in 2010 as a share of net income before income taxes averaged 41.1% for oil and gas companies. For Standard & Poor's industrial companies in other businesses, the …
