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Tax System

Tax System news and technical articles from Oil & Gas Journal. Search Tax System latest and archived news and articles

  1. Ohio oil association questions governor's proposed tax changes

    Online Articles

    Mon, 26 Mar 2012

    While explaining his plan during a Mar. 14 speech in Columbus, Kasich said the state's 40-year-old severance tax system for oil and gas production needed comprehensive updating. OOGA Executive Vice-Pres. Thomas E. Stewart said, "Ohio

  2. Russia adjusts taxes

    Online Articles

    Mon, 7 May 2012

    Centre for Global Energy Studies, London, analyzed the Russian initiative in an Apr. 25 report. Under the current tax system , CGES said, the price of Urals crude oil, benchmark for Russian tax formulas, less the sum of mineral extraction

  3. Ohio oil association questions governor's proposed tax changes

    Online Articles

    Wed, 14 Mar 2012

    While explaining his plan during a Mar. 14 speech in Columbus, Kasich said the state's 40-year-old severance tax system for oil and gas production needed comprehensive updating. OOGA Executive Vice-Pres. Thomas E. Stewart said, “Ohio

  4. API Oil tax proposals reflect Obama's energy inconsistency

    Online Articles

    Thu, 23 Feb 2012

    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 “Our current corporate tax system is outdated, unfair, and inefficient,” Obama said on Feb. 22.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

  5. SOTU: Obama pledges to open more offshore acreage, promote gas

    Online Articles

    Wed, 25 Jan 2012

    that restore opportunity for all and generate the public revenues to pay our bills. “That means a dramatically simpler tax system of fewer loopholes and lower rates [and] a pause in the mindless piling on of expensive new regulations that devour dollars

  6. CERA: Tax hikes would hit already hamstrung US oil industry

    Online Articles

    Wed, 22 Sep 2010

    quickly found that this country’s tax system was a major cause. “We observed, looking ..... continues to use an international tax system when most other countries have ..... talking about is a change in the tax system which would put US companies which

  7. CERA: Tax hikes would hit already hamstrung US oil industry

    Magazine Articles

    Mon, 27 Sep 2010

    quickly found that this country's tax system was a major cause. "We observed ..... continues to use an international tax system when most other countries have moved ..... talking about is a change in the tax system which would put US companies which

  8. News alarms trouble industry

    Magazine Articles

    Mon, 27 Dec 2010

    boost the anemic US economy and improve "their own testy relations." In that meeting, Obama talked of overhauling the tax system , although he wants to strip the oil industry of tax breaks common for other businesses. He spoke of easing business

  9. US Senators blast majors' executives for defending tax deductions

    Online Articles

    Thu, 12 May 2011

    find the five companies at this table aligned because two of them are foreign companies which operate under a territorial tax system in their home countries,” the ExxonMobil executive said. “What we’d like is a level playing field.” Sen. Orrin

  10. Study shows reduced investment due to new UK tax rates

    Online Articles

    Fri, 6 May 2011

    revenues are increased by £51.6 billion. The report claims that root of the problem comes from the structure of the tax system , which is essentially flat-rate or proportional (except when field allowances apply). “When the flat-rate tax