364 pages | 34 B/W Illus.
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 fiscal regimes for these industries, with a particular focus on developing and emerging economies.
International Taxation and the Extractive Industries addresses key topics that are not frequently covered in the literature, such as the geo-political implications of cross-border pipelines and the legal implications of mining contracts and regional financial obligations. The contributors, all of whom are leading researchers with experience of working with governments and companies on these issues, present an authoritative collection of chapters. The volume reviews international tax rules, covering both developments in the G20-OECD project on ’Base Erosion and Profit Shifting’ and more radical proposals, identifying core challenges in the extractives sector.
This book should become a core resource for both scholars and practitioners. It will also appeal to those interested in international tax issues more widely and those who study environmental economics, macroeconomics and development economics.
CHAPTER 1: Introduction and Overview
Philip Daniel, Michael Keen, Artur Swistak and Victor Thuronyi
CHAPTER 2: Principles and Practice of International Taxation for the Extractive Industries
Michael Keen and Peter Mullins
CHAPTER 3: An Overview of Transfer Pricing In Extractive Industries
CHAPTER 4: Transfer Pricing – Special Extractive Industry Issues
CHAPTER 5: International Tax and Treaty Strategy in Resource–Rich Developing Countries: Experience and Approaches
Philip Daniel and Victor Thuronyi
CHAPTER 6: Extractive Investments and Tax Treaties: Issues for Investors
CHAPTER 7: Taxing Gains on Transfer of Interest
Lee Burns, Honoré Le Leuch and Emil M. Sunley
CHAPTER 8: Fiscal Issues for Cross-border Natural Resource Projects
Joseph Bell and Jasmina Chauvin
CHAPTER 9: International Oil and Gas Pipelines: Legal, Tax, and Tariff Issues
CHAPTER 10: The Design of Joint Development Zones Treaties and International Unitizations Agreements
CHAPTER 11: Fiscal Schemes for Joint Development of Petroleum: A Primer and an Evaluation
Philip Daniel, Chandara Veung and Alistair Watson
CHAPTER 12: Taxes, Royalties and Cross-border Resource Investments
CHAPTER 13: Tax Competition and Coordination in Extractive Industries
Mario Mansour and Artur Swistak