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Houston, Texas 77027
(713) 621-9720
Copyright © 2010: PennWell Corporation
All Rights Reserved.
Tax System
Tax System news and technical articles from Oil & Gas Journal. Search Tax System latest and archived news and articles
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CGES: Russia reworking faulty export tax system
… Fletcher Senior Writer HOUSTON, Dec. 1 -- Russian producers and the government have been hit hard by a crude export tax system that has proven incapable of coping with the rapid drop in oil prices since early July. Since October, the government …
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CGES: Russia grappling with faulty oil export tax system
Russian producers and the government have been hit hard by a crude export tax system that has proven incapable of coping with the rapid drop in oil prices that started in early July. Since October, the government …
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CHINA'S TAX SYSTEM RELATIVELY BENIGN, BUT PROBLEMS REMAIN
Michael Cannon Price Waterhouse L.L.P. Hong Kong Recent developments in China's oil market have reignited the the interest of multinational oil and gas companies in China. New onshore and offshore blocks are being granted, and the Tarim basin has been opened to foreign participation for the first
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Russia's Petroleum Progress Changing Tax System Challenges Producers And Refiners In Russia
Eugene M. Khartukov World Energy Analysis & Forecasting Group Moscow The oil city Nefteyugansk, in the Khanty Mansiisk Autonomous Okrug in Western Siberia, developed in conjunction with Russia's oil producing industry. Amoco Corp. opened a camp there in spring 1994 (foreground). Photo courtesy of
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UK North Sea operators criticize 2007 budget tax regime
… Energy companies operating in the UK North Sea are disappointed that UK Chancellor Gordon Brown has failed to adjust the tax system in his last budget to encourage more production in the mature province. Brown did not change the current corporation …
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Energy reforms: three case studies
… different nations recently launched efforts to liberalize their energy policies. Romania's new government revamped its tax system to encourage investment, particularly energy investments. Prime Minister Victor Ciorbea's cabinet lowered the income …
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AUSTRALIA TAX LAW CHANGES SEEN BOOSTING E&P
… production to replace the unwieldy excise tax system . At the same time, the government ..... to replace the multitiered excise tax system on Bass Strait production. Australian ..... allowances and the unwieldy excise tax system have hampered Australian frontier …
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SOME PIPELINES TO BENEFIT FROM U.K. PRT CHANGES
New pipelines carrying third party production will benefit from changes to the U.K. Petroleum Revenue Tax system announced Nov. 30. In unveiling Britain's second budget this year, Chancellor Kenneth Clarke said companies could pay tax …
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COMMENT—Tax reform needn't dim US economic bright spot
… chief global economist of Decision Economics, conducted a macroeconomic analysis and found that, if a consumed income tax system had been in place starting in 1991, gross domestic product (GDP) would have been 5.2% higher, consumption and …
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API: Oil tax proposals reflect Obama's energy inconsistency
… same new oil and gas taxes that are in the White House's fiscal 2013 federal budget request. "Our current corporate tax system is outdated, unfair, and inefficient," Obama said on Feb. 22. "It provides tax breaks for moving jobs and profits …
