The Taxation of Petroleum and Minerals: Principles, Problems and Practice

Books, April 19, 2010

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There are few areas of economic policy-making in which the returns to good decisions are so high-and the punishment of bad decisions so cruel-as in the management of natural resource wealth.
Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust prosperity; but they have left others riddled with corruption and persistent poverty, with little of lasting value to show for squandered wealth.
Decisions relating to the tax treatment of oil, gas and minerals are among the most important in the management of natural resource wealth.
The book is of interest to Economics postgraduates and researchers working on resource issues, as well as professionals working on taxation of oil, gas and minerals/mining.

Tax treatment of oil, gas and minerals.
Management of natural resource wealth and its implications for prosperity or poor outcomes.
The role of taxation in shaping government share and revenue from resource extraction.
Intersections with revenue administration and tax administration core functions.

Subjects: Commodities, Corporate income tax, Economic sectors, Natural resources, Oil, Oil sector, Resource rent tax, Revenue administration, Tax administration core functions, Taxes
Keywords: Africa, BOOK, Caribbean, cash flow, Corporate income tax, country, economic rent, Global, government, government share, host government, North America, Oil, Oil sector, rate of return, Resource rent tax, State participation, Sub-Saharan Africa, Tax administration core functions, tax authorities