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The Economics of Oil Taxation

In: The Economics of North Sea Oil Taxation

Author

Listed:
  • Chris Rowland

    (BZW Securities)

  • Danny Hann

    (Central Electricity Generating Board)

Abstract

A detailed analysis of the main economic problems associated with the offshore oil taxation system is presented in this chapter. Five problem areas of the current oil taxation policy are considered: namely the absence of progressivity, the return on capital, risk, taxing incentives and uncertainty. For each of these five areas, we first define the problem and then outline the relevance for North Sea oil development decisions. Evidence of the problem’s existence in the current tax system is then discussed, and finally the lessons to be learnt if the system is to be improved are highlighted.

Suggested Citation

  • Chris Rowland & Danny Hann, 1987. "The Economics of Oil Taxation," Palgrave Macmillan Books, in: The Economics of North Sea Oil Taxation, chapter 3, pages 45-94, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08717-4_3
    DOI: 10.1007/978-1-349-08717-4_3
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    Citations

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    Cited by:

    1. Nakhle, Carole, 2007. "Do high oil prices justify an increase in taxation in a mature oil province? The case of the UK continental shelf," Energy Policy, Elsevier, vol. 35(8), pages 4305-4318, August.
    2. Carole Nakhle, 2007. "Do High Oil Prices Justify an Increase in Taxation in a Mature Oil Province? The Case of the UK Continental Shelf," Surrey Energy Economics Centre (SEEC), School of Economics Discussion Papers (SEEDS) 116, Surrey Energy Economics Centre (SEEC), School of Economics, University of Surrey.
    3. Carole Nakhle, 2007. "Can the North Sea Still Save Europe?," Surrey Energy Economics Centre (SEEC), School of Economics Discussion Papers (SEEDS) 119, Surrey Energy Economics Centre (SEEC), School of Economics, University of Surrey.
    4. Wint Thiri Swe & Nnaemeka Vincent Emodi, 2018. "Assessment of Upstream Petroleum Fiscal Regimes in Myanmar," JRFM, MDPI, vol. 11(4), pages 1-23, December.

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