TAX BURDEN ON COMPANIES IN THE OIL AND GAS INDUSTRY OF THE RUSSIAN FEDERATION: DAMPING MECHANISM VS TAX MANEUVER
The volatility of hydrocarbon prices on world markets, as well as the high level of dependence of the state budget on oil and gas revenues, are the main conditions for assessing the effectiveness of tax regulation in the oil and gas sector. It should be considered, that, according to the General Sch...
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Publishing House of the State University of Management
2019-12-01
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| Online Access: | https://vestnik.guu.ru/jour/article/view/1852 |
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| author | M. A. Valishvili |
| author_facet | M. A. Valishvili |
| author_sort | M. A. Valishvili |
| collection | DOAJ |
| description | The volatility of hydrocarbon prices on world markets, as well as the high level of dependence of the state budget on oil and gas revenues, are the main conditions for assessing the effectiveness of tax regulation in the oil and gas sector. It should be considered, that, according to the General Scheme for the development of the oil industry of Russia up to 2035, a significant (up to 35%) reduction in oil production at the developed fields, which currently account for more than 70% of the total production, is predicted. Thus, it is necessary to find the optimal balance of the interests of the state, expressed in increasing the tax burden as a source of state revenues and business interests in capital investments in the development of deposits in the initial stages of development. |
| format | Article |
| id | doaj-art-a4a87de3eb914749b0ca1520b6e2b34e |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2019-12-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-a4a87de3eb914749b0ca1520b6e2b34e2025-02-04T08:28:02ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152019-12-0101111612310.26425/1816-4277-2019-11-116-1231552TAX BURDEN ON COMPANIES IN THE OIL AND GAS INDUSTRY OF THE RUSSIAN FEDERATION: DAMPING MECHANISM VS TAX MANEUVERM. A. Valishvili0Plekhanov Russian University of EconomicsThe volatility of hydrocarbon prices on world markets, as well as the high level of dependence of the state budget on oil and gas revenues, are the main conditions for assessing the effectiveness of tax regulation in the oil and gas sector. It should be considered, that, according to the General Scheme for the development of the oil industry of Russia up to 2035, a significant (up to 35%) reduction in oil production at the developed fields, which currently account for more than 70% of the total production, is predicted. Thus, it is necessary to find the optimal balance of the interests of the state, expressed in increasing the tax burden as a source of state revenues and business interests in capital investments in the development of deposits in the initial stages of development.https://vestnik.guu.ru/jour/article/view/1852tax loadingtax maneuverdamping mechanismoil and gas industrymineral extraction taxexport dutyexcise tax |
| spellingShingle | M. A. Valishvili TAX BURDEN ON COMPANIES IN THE OIL AND GAS INDUSTRY OF THE RUSSIAN FEDERATION: DAMPING MECHANISM VS TAX MANEUVER Вестник университета tax loading tax maneuver damping mechanism oil and gas industry mineral extraction tax export duty excise tax |
| title | TAX BURDEN ON COMPANIES IN THE OIL AND GAS INDUSTRY OF THE RUSSIAN FEDERATION: DAMPING MECHANISM VS TAX MANEUVER |
| title_full | TAX BURDEN ON COMPANIES IN THE OIL AND GAS INDUSTRY OF THE RUSSIAN FEDERATION: DAMPING MECHANISM VS TAX MANEUVER |
| title_fullStr | TAX BURDEN ON COMPANIES IN THE OIL AND GAS INDUSTRY OF THE RUSSIAN FEDERATION: DAMPING MECHANISM VS TAX MANEUVER |
| title_full_unstemmed | TAX BURDEN ON COMPANIES IN THE OIL AND GAS INDUSTRY OF THE RUSSIAN FEDERATION: DAMPING MECHANISM VS TAX MANEUVER |
| title_short | TAX BURDEN ON COMPANIES IN THE OIL AND GAS INDUSTRY OF THE RUSSIAN FEDERATION: DAMPING MECHANISM VS TAX MANEUVER |
| title_sort | tax burden on companies in the oil and gas industry of the russian federation damping mechanism vs tax maneuver |
| topic | tax loading tax maneuver damping mechanism oil and gas industry mineral extraction tax export duty excise tax |
| url | https://vestnik.guu.ru/jour/article/view/1852 |
| work_keys_str_mv | AT mavalishvili taxburdenoncompaniesintheoilandgasindustryoftherussianfederationdampingmechanismvstaxmaneuver |