Estimates of Tax Revenues from the Arctic Shelf Oil Exploration
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 f...
| Main Authors: | , , , |
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| Format: | Article in Journal/Newspaper |
| Language: | English |
| Published: |
ASERS Publishing
2017
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| Subjects: | |
| Online Access: | https://journals.aserspublishing.eu/jarle/article/view/930 |
| Summary: | 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. |
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