Estimates of Tax Revenues from the Arctic Shelf Oil Exploration

Victoria Korostelyova (), Evgeny Razdrokov (), Arkady Krasilnikov () and Vladimir Makarov ()
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Victoria Korostelyova: Yugra State University Khanty Mansiysk Russia, Postal: RU
Evgeny Razdrokov: Yugra State University Khanty Mansiysk Russia, Postal: RU
Arkady Krasilnikov: Yugra State University Khanty Mansiysk Russia, Postal: RU
Vladimir Makarov: Yugra State University Khanty Mansiysk Russia, Postal: RU

Journal of Advanced Research in Law and Economics, 2015, vol. 6, issue 3, 571-583

Abstract: Arctic shelf oil exploration is a capital intensive and risk bearing process The tax concessions are provided in order to facilitate exploration of new oilfields which would bring additional income to the budgetary system of Russia in the long view The article provides estimates of tax revenues from the Arctic shelf oil exploration and analysis of impact of the tax concessions on new oilfield exploration in the strategic oil producing regions of Russia

Date: 2015
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