Taxing Canada’s Cash Cow: Tax and Royalty Burdens on Oil and Gas Investments
This paper addresses in depth the impact of both corporate taxes and royalties on the decision to invest in the oil and gas sector for British Columbia, Alberta, Saskatchewan, Nova Scotia and Newfoundland & Labrador and in comparison to Texas. Similar to Chen and Mintz (2009), we estimate the ma...
Main Authors: | , |
---|---|
Format: | Article in Journal/Newspaper |
Language: | English |
Published: |
University of Calgary
2010
|
Subjects: | |
Online Access: | https://doaj.org/article/fb25d2e937944f6ba1cfbee5c948e75e |
id |
ftdoajarticles:oai:doaj.org/article:fb25d2e937944f6ba1cfbee5c948e75e |
---|---|
record_format |
openpolar |
spelling |
ftdoajarticles:oai:doaj.org/article:fb25d2e937944f6ba1cfbee5c948e75e 2023-05-15T17:21:07+02:00 Taxing Canada’s Cash Cow: Tax and Royalty Burdens on Oil and Gas Investments Jack M. Mintz Duanjie Chen 2010-02-01T00:00:00Z https://doaj.org/article/fb25d2e937944f6ba1cfbee5c948e75e EN eng University of Calgary https://www.policyschool.ca/wp-content/uploads/2016/03/cashcow1b.pdf https://doaj.org/toc/2560-8312 https://doaj.org/toc/2560-8320 2560-8312 2560-8320 https://doaj.org/article/fb25d2e937944f6ba1cfbee5c948e75e The School of Public Policy Publications, Vol 3, Iss 3, Pp 1-19 (2010) Political institutions and public administration (General) JF20-2112 article 2010 ftdoajarticles 2022-12-31T01:39:10Z This paper addresses in depth the impact of both corporate taxes and royalties on the decision to invest in the oil and gas sector for British Columbia, Alberta, Saskatchewan, Nova Scotia and Newfoundland & Labrador and in comparison to Texas. Similar to Chen and Mintz (2009), we estimate the marginal effective tax rate on capital for the oil and gas sector, comparable to other sectors in the economy. In our assessment, we include federal and provincial corporate income taxes, sales taxes on capital purchases and other capital-related taxes in our assessment such as severance taxes and royalties. Except for oil and gas investments in Nova Scotia and Newfoundland & Labrador offshore developments, oil and gas investments bear a higher tax burden compared to other industries in Canada. In other words, oil and gas investments are generally not “subsidized” but bear a higher level of taxes and royalties on investment compared to other industries. Article in Journal/Newspaper Newfoundland Directory of Open Access Journals: DOAJ Articles Newfoundland Canada British Columbia ENVELOPE(-125.003,-125.003,54.000,54.000) |
institution |
Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English |
topic |
Political institutions and public administration (General) JF20-2112 |
spellingShingle |
Political institutions and public administration (General) JF20-2112 Jack M. Mintz Duanjie Chen Taxing Canada’s Cash Cow: Tax and Royalty Burdens on Oil and Gas Investments |
topic_facet |
Political institutions and public administration (General) JF20-2112 |
description |
This paper addresses in depth the impact of both corporate taxes and royalties on the decision to invest in the oil and gas sector for British Columbia, Alberta, Saskatchewan, Nova Scotia and Newfoundland & Labrador and in comparison to Texas. Similar to Chen and Mintz (2009), we estimate the marginal effective tax rate on capital for the oil and gas sector, comparable to other sectors in the economy. In our assessment, we include federal and provincial corporate income taxes, sales taxes on capital purchases and other capital-related taxes in our assessment such as severance taxes and royalties. Except for oil and gas investments in Nova Scotia and Newfoundland & Labrador offshore developments, oil and gas investments bear a higher tax burden compared to other industries in Canada. In other words, oil and gas investments are generally not “subsidized” but bear a higher level of taxes and royalties on investment compared to other industries. |
format |
Article in Journal/Newspaper |
author |
Jack M. Mintz Duanjie Chen |
author_facet |
Jack M. Mintz Duanjie Chen |
author_sort |
Jack M. Mintz |
title |
Taxing Canada’s Cash Cow: Tax and Royalty Burdens on Oil and Gas Investments |
title_short |
Taxing Canada’s Cash Cow: Tax and Royalty Burdens on Oil and Gas Investments |
title_full |
Taxing Canada’s Cash Cow: Tax and Royalty Burdens on Oil and Gas Investments |
title_fullStr |
Taxing Canada’s Cash Cow: Tax and Royalty Burdens on Oil and Gas Investments |
title_full_unstemmed |
Taxing Canada’s Cash Cow: Tax and Royalty Burdens on Oil and Gas Investments |
title_sort |
taxing canada’s cash cow: tax and royalty burdens on oil and gas investments |
publisher |
University of Calgary |
publishDate |
2010 |
url |
https://doaj.org/article/fb25d2e937944f6ba1cfbee5c948e75e |
long_lat |
ENVELOPE(-125.003,-125.003,54.000,54.000) |
geographic |
Newfoundland Canada British Columbia |
geographic_facet |
Newfoundland Canada British Columbia |
genre |
Newfoundland |
genre_facet |
Newfoundland |
op_source |
The School of Public Policy Publications, Vol 3, Iss 3, Pp 1-19 (2010) |
op_relation |
https://www.policyschool.ca/wp-content/uploads/2016/03/cashcow1b.pdf https://doaj.org/toc/2560-8312 https://doaj.org/toc/2560-8320 2560-8312 2560-8320 https://doaj.org/article/fb25d2e937944f6ba1cfbee5c948e75e |
_version_ |
1766104133658476544 |