Estimates of Tax Revenues from the Arctic Shelf Oil Exploration
Estimates of Tax Revenues from the Arctic Shelf Oil Exploration
Author(s): Victoria Viktorovna KOROSTELYOVA, Evgeny Nikolaevich Razdrokov, Arkady Vladimirovich KRASILNIKOV, Vladimir Alexandrovich MAKAROVSubject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: ASERS Publishing
Keywords: arctic shelf; oil exploration; oilfield; mineral production tax; tax concession; estimate;
Summary/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.
Journal: Journal of Advanced Research in Law and Economics (JARLE)
- Issue Year: VI/2015
- Issue No: 13
- Page Range: 571-584
- Page Count: 14
- Language: English
- Content File-PDF