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ISBN:0903199645
Author: Alexander G Kemp
ISBN13: 978-0903199643
Title: Petroleum tax analysis: North Sea: A comparative study of the petroleum exploitation taxation systems of the United Kingdom, Norway, Denmark and the Netherlands
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Publisher: Financial Times Business Information (1983)

Petroleum tax analysis: North Sea: A comparative study of the petroleum exploitation taxation systems of the United Kingdom, Norway, Denmark and the Netherlands by Alexander G Kemp



The Effects of Taxation of Petroleum Exploitation: A Comparative Study. Over the last decade Governments have given increasing attention to the taxation of petroleum production. It is unlikely that the proposed changes will significantly improve incentives to develop marginal fields. Investment in Oil Exploration and Production: The Comparative Influence of Taxation. The tax system is generally regressive in its impact both with respect to changes in oil prices and exploitation costs. The royalty is primarily responsible for this outcome. PRT (Petroleum Revenue Test) is payable only on comparatively large fields.

Alexander G. Kemp & David Rose, 1985. The Effects of Petroleum Taxation in the United Kingdom, Norway, Denmark, and the Netherlands: A Comparative Study," The Energy Journal, International Association for Energy Economics, vol. 0(Special I). Handle: RePEc:aen:journl:1985si-a08. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. More services and features.

Petroleum Tax Analysis: North Sea: A Comparative Study Of The Petroleum Exploitation Taxation Systems Of The United Kingdom, Norway, Denmark And The Netherlands, June 1983. Note: these are all the books on Goodreads for this author.

The final report of this study, The Economic Impact of North Sea Oil on Scotland, was published by HMSO in 1978. In more recent years further work has been done on the impact of oil on local economies and on the barriers to entry and characteristics of the supply companies in the offshore oil industry. petroleum tax system, and the economics of decommissioning, mothballing and re-use of facilities. This work has been financed by a group of oil companies and Scottish Enterprise, Energy. OP 100 Options for Exploiting Gas from West of Scotland By A G Kemp and Linda Stephen, (December 2005), pp. 70.

The dangers of this occurring are increased under most conventional systems of taxation which are not well-designed to extract economic rents to the state. Under conventional systems of taxation when marginal rates reach very high levels the dangers of distortion and anomalies are also increased. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

The petroleum taxation system is based on the rules for ordinary company taxation and are set out in the Petroleum Taxation Act (Act of 13 June 1975 No. 35 relating to the taxation of subsea petroleum deposits, etc). Because of the extraordinary returns on production of petroleum resources, the oil companies are subject to an additional special tax. The ordinary company tax rate is 22 %, and the special tax rate is 56 %. This gives a marginal tax rate of 78 %. Norway’s estimated tax revenues from petroleum activities are about NOK 119 billion in 2018 and NOK 156 billion in 2019 (2019-NOK)

p. cm. Includes bibliographical references and index. 2. Mines and mineral resources–Taxation. He was also a graduate intern in the United Nations Economic Commission for Latin America and the Caribbean.

According to the comparative study, petroleum fiscal design that incorporates high marginal rates on the profits rather than revenues, . However, such a design is also referred to as neutral and provides additional incentives for investments. Therefore, the optimal balance in risk sharing between the company and the host government in petroleum fiscal designs is crucial.