Carol Nakhle – Petroleum Taxation: Sharing the Oil Wealth: A Study of Petroleum Taxation Yesterday, Today and Tomorrow

Carol Nakhle – Petroleum Taxation: Sharing the Oil Wealth: A Study of Petroleum Taxation Yesterday, Today and Tomorrow

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Product Description

Governments seek to determine the balance between the financial interests of the oil companies and the owners of the resource through taxation. The impacts of different policy choices and how they are being adapted to changing business conditions are addressed in this book. The reader is presented with an illuminating and robust analysis of the entire taxation story, from the basic theoretical considerations through to advanced computations applied to various tax regimes.

petroleum taxation is a subject of complexity, variety and subject to continued evolution, being surrounded and shaped by various geological, technical and market factors together with unpredictable political influences. The author challenges the assumption that perfect models of petroleum taxation can be designed and applied to countries and circumstances around the world, arguing that an ideal structure exists only in theory and can be a useful benchmark against which to test proposed fiscal systems.

Review

This important monograph analyses and challenges the UK’s current and historical North Sea taxation policy and proposes an alternative optimum policy. It compares and contrasts UK policy with that of other countries. It is essential reading for scholars with interests in North Sea oil and gas exploitation. Alexander Russell is a student at Glasgow Caledonian University.

About the Author

There is a person named Carole Nakhle. The Special Parliamentary Adviser on Energy and Middle Eastern Issues in the House of Lords is an Energy Research Fellow at the University of Surrey.