Fiscal Systems for Hydrocarbons: Design Issues (Adobe Reader) ebook download Silvana Tordo

Fiscal Systems for Hydrocarbons: Design Issues

Although host governments and investors may share one common objective - the desire for projects to generate high levels off revenue - their other goals are not entirely aligned. Host governments aim to maximize rent for their country over time, while achieving other development and socioeconomic objectives. Investors aim to ensure that the return on investment is consistent with the risk associated with the project, and with their corporations' strategic objectives. To reconcile these often conflicting objectives, more and more countries rely on transparent institutional arrangements and flexible, nuetral fiscal regimes. This paper examines the key elements of the legal and fiscal frameworks utilized in the petroleum sector and aims to outline desirable features that should be considered in the design of fiscal policy with the objective of optimizing the host government's benefits, taking into account the effect this would have on the private sector's investment.

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Title of ebook: Fiscal Systems for Hydrocarbons: Design Issues
ISBN: 9780821372678
parent-ISBN: 9780821372661
Publisher: World Bank Publications
Internet download file size: 651 kb
Published: 08-2007
Released online for download: 12-11-2007
Author of eBook: Tordo, Silvana

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