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2 edition of Taxation and pricing of petroleum products in Developing countries found in the catalog.

Taxation and pricing of petroleum products in Developing countries

Shahabuddin Mosherrat Hossain

Taxation and pricing of petroleum products in Developing countries

framework for analysis with application to Nigeria

by Shahabuddin Mosherrat Hossain

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Published by International Monetary Fund, African Department in [Washington, D.C.] .
Written in English

    Subjects:
  • Petroleum products -- Prices -- Nigeria.,
  • Petroleum products -- Taxation -- Nigeria.,
  • Price regulation -- Nigeria.,
  • Subsidies -- Nigeria.,
  • Externalities (Economics)

  • Edition Notes

    StatementShahabuddin M. Hossain.
    SeriesIMF working paper -- WP/03/42
    ContributionsInternational Monetary Fund. African Dept.
    The Physical Object
    Pagination26 p. ;
    Number of Pages26
    ID Numbers
    Open LibraryOL20683194M

    Disclaimer: This International Petroleum Taxation supplement has been prepared only as a suggested guide and may not contain all of the issues that may be en-countered by parties in the oil and natural gas operations. Use of the International Petroleum Taxation supplement or any variations thereof shall be at the sole discre-. The Brookings Doha Center (BDC) hosted a panel discussion on Febru , regarding the impact of low oil prices and taxation on the member states of Start Date:

    Petroleum taxation is the universal instrument through which governments seek to determine the crucial balance between the financial interests of the oil companies and the owners of the resource. This book addresses how governments have and continue to approach this problem, the impacts of different policy choices and how these are being Cited by: (i) Pricing and taxation of petroleum products should be rationalized to transmit the right price signals so as to minimize if not eliminate distortions and inefficiencies that result in misallocation of resources. (ii) Prices of petroleum products should, as far as possible, be aligned with international prices.

    There are few areas of economic policy-making in which the returns to good decisions are so high-and the punishment of bad decisions so cruel-as in the management of natural resource wealth. Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust prosperity; but they have left others riddled with corruption and persistent . provides the subsidy for petroleum products sold on the domestic market. • A Supplemental Petroleum Tax (S.P.T.) charged on production of crude oil and based on an oil price sensitive rate structure. (0% for crude prices under US$ a barrel to a maximum of 35% for those over US$ a Size: KB.


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Taxation and pricing of petroleum products in Developing countries by Shahabuddin Mosherrat Hossain Download PDF EPUB FB2

Taxation and Pricing of Petroleum Products in Developing Countries: A Framework for Analysis with Application to Nigeria. Author/Editor: Shahabuddin M Hossain. Publication Date: February 1, Electronic Access: Free by: Taxation and Pricing of Petroleum Products in Developing Countries: A Fr amework for Analysis with Application tp Nigeria - WP/03/42 Created Date 3/7/ PM.

Get this from a library. Taxation and pricing of petroleum products in Developing countries: framework for analysis with application to Nigeria. [Shahabuddin Mosherraf Hossain; International Monetary Fund. African Department.] -- Using the modern theory of public economics as the point of departure, this paper outlines a basic principle for setting taxes and/or prices of.

6 Petroleum pricing in India: balancing efficiency and equity Trade in Petroleum Products Supported by increasing refining capacity in the country, in /02 India became a net exporter of petroleum products for the first time (Figure 5).

In /05, the country exported MT of petro-leum products against an import of MT. There has File Size: 1MB. The domestic taxation of petroleum products is an important source of revenue in most countries.

However, there is a wide variation of tax rates on petroleum products across countries, which. Petroleum taxation is the universal instrument through which governments seek to determine the crucial balance between the financial interests of the oil companies and the owners of the resource.

This book addresses how governments have and continue to approach this problem, the impacts of different policy choices and how these are being adapted to changing. Table of Contents. PrefaceDominique Strauss-Kahn 1.

Introduction Philip Daniel, Michael Keen Charles McPherson (IMF) Part 1: Conceptual Overview 2. Theoretical perspectives on resource tax design Robin Boadway (Queens University, Canada) and Michael Keen (IMF) ples of resource taxation for low-income countries Paul Collier (University of Oxford) Part 2: Sectoral.

ISBN: OCLC Number: Description: viii, pages: illustrations ; 23 cm: Contents: Fiscal challenges in oil-producing countries: an overview / Jeffrey Davis, Rolando Ossouski, and Annalisa Fedelino --An alternative interpretation of the "resource curse": theory and policy implications / Ricardo Hansinann and Roberto Rigobon.

In contractual arrangements in several taxation of consumers, countries there are domestic market obligations on In the s and s many countries adopted a investors at prices well below market levels.6 Apart ENERGY POLICY February Petroleum policy issues in developing countries from the possible disincentive effects on new field Cited by: 8.

The taxation of extractive industries exploiting oil, gas, or minerals is usually treated as a sovereign, national policy and administration issue. This book offers a uniquely comprehensive overview of the theory and practice involved in designing policies on the international aspects of.

Petroleum product pricing and complementary policies: experience of 65 developing countries since (English) Abstract. Unable to cope fully with steadily climbing world oil prices since mid, many of the 65 countries reviewed in this paper have progressed slowly or even reversed course in reforming pricing of petroleum products.

the proportion of taxes in the prices of petroleum products, which has increased substan- tially, contributed to low GDP growth in oil-exporting countries.

The argument is based on the theory of the taxation of exhaustible resources. Data on petroleum pricing and taxation Mid-year data on prices and explicit taxation of various petroleum products have been compiled for and for 23 OECD countries, 37 African countries, 15 Middle Eastern countries, 15 Asian countries, 5 countries in Eastern Europe and 25 countries in the Western by: This paper reviews Ghana’s recent experience with downstream petroleum products pricing and deregulation and looks at its implications for the nation’s energy security needs.

Publication Improving the Performance of Natural Resource Taxation in Developing Countries This paper focuses on the administrative challenges which is posed to developing countries, as a result of the increasing emphasis in fiscal regimes for natural resource extraction since the Second World War on income-based taxes, including both cor.

Petroleum under GST regime: The Constitutional Amendment Bill on Goods & Services Tax (GST), recently cleared by the Cabinet provides that petroleum & petroleum products viz.

petroleum crude, high speed diesel, motor spirit (petrol), natural gas, aviation turbine fuel initially shall not be subject to levy of GST till notified at a future date on the.

developing countries have lagged behind those in the developed countries. This lag has resulted in the inability of these countries to procure their petroleum requirements at the lowest possible cost. While an individual entity responsible for petroleum distribution may be able to pass the costFile Size: 7MB.

course in reforming pricing of petroleum products. End-user prices in July varied by two orders of magnitude across the countries. More than two-fifths, including some that had only recently adopted automatic pricing mechanisms, froze the prices of gasoline, diesel, or both for months or even years on end during the study period.

Oil and gas taxation in Kenya 5 • Capital costs are subject to recovery at a rate of 20% per annum (straight-line). • The sharing of profit oil is based solely on production volumes with the maximum state share achieved when.

Kojima, M. Petroleum product pricing and complementary policies: experience of 65 developing countries since World Bank Policy Research Working Paper Cited by:. Petroleum Product Pricing and Complementary Policies: Experience of 65 Developing Countries Since c b. countries reviewed in this paper have progressed slowly or even reversed course in reforming pricing of petroleum products.

End-user prices in July varied by two orders of magnitude across the countries. Experience of It addresses the wishes of petroleum-producing developing countries to use their natural energy resources effectively in order to promote development and competitiveness in the face of globalization, while at the same time improving market access for their exports of petroleum and petroleum products.Downloadable!

This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled percent of GDP, on average, in Moreover, the paper argues, these petroleum subsidies are .