The Economics of Oil Taxation

Chris Rowland and Danny Hann
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Chris Rowland: BZW Securities
Danny Hann: Central Electricity Generating Board

Chapter 3 in The Economics of North Sea Oil Taxation, 1987, pp 45-94 from Palgrave Macmillan

Abstract: 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.

Keywords: Cash Flow; Indifference Curve; Opportunity Locus; Unit Profit; Pure Profit (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08717-4_3

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DOI: 10.1007/978-1-349-08717-4_3

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