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001 9781315414096
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008 181023s2019 enka ob 001 0 eng d
040 _aOCoLC-P
_beng
_erda
_epn
_cOCoLC-P
020 _a9781315414072
_q(electronic bk.)
020 _a1315414074
_q(electronic bk.)
020 _a9781315414096
_q(electronic bk.)
020 _a1315414090
_q(electronic bk.)
020 _a9781315414065
_q(electronic bk. : Mobipocket)
020 _a1315414066
_q(electronic bk. : Mobipocket)
020 _a9781315414089
_q(electronic bk. : PDF)
020 _a1315414082
_q(electronic bk. : PDF)
020 _z9781138219960
020 _z1138219967
035 _a(OCoLC)1057550108
035 _a(OCoLC-P)1057550108
050 4 _aHD9560.8.G72
_bU84 2019eb
072 7 _aBUS
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072 7 _aBUS
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072 7 _aBUS
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072 7 _aKCN
_2bicssc
082 0 4 _a336.2/7866550941
_223
100 1 _aÜşenmez, Emre,
_eauthor.
245 1 0 _aRedesigning petroleum taxation :
_baligning government and investors in the UK /
_cEmre Üsenmez.
264 1 _aAbingdon, Oxon ;
_aNew York, NY :
_bRoutledge,
_c2019.
264 4 _c©2019
300 _a1 online resource (xviii, 178 pages)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
490 1 _aRoutledge explorations in environmental economics ;
_v52
505 0 _aIntroduction -- Government's rationale for fiscal reform -- The UKCS fiscal regime prior to the fiscal review and the case for its reform -- The post-fiscal review reforms -- The new UKCS fiscal regime : a proposal for reform -- Conclusion -- Appendix I: Historical brent spot fob prices -- Bibliography -- Index.
520 _aSince its inception some 40 years ago, petroleum-specific taxation in the UK has been subject to numerous modifications. Often these modifications were brought into place not only to sufficiently incentivise the investors but also to capture a fair share for the government. However, it is evident from the frequency of changes that finding the right balance between these two aims is no easy matter. Such a balance, and the consequent fiscal stability, is necessary for the long-term relationship between the parties to endure to their mutual benefit. Still, it does not take much for one or other party to feel that they are out of balance. As a consequence, one party feels that the other party is taking an undue proportion of the value generated and that they are losing out. Yet achieving that balance and fiscal stability is possible. To understand this possibility, this book first clarifies what is meant by sufficient incentivisation and fair share before developing a new fiscal system that manages this balance and stability. Such clarification yields objective criteria against which to assess not only the existing regime, but also the newly proposed regime. This approach is further complemented by the critical analysis of the fiscal legislative framework and the evaluation of the legal positions of specific contractual elements and mechanisms found within that framework. This latter analysis is important in order to reduce the legal uncertainty such elements may create, which can otherwise lead to further reactive amendments and revisions to the fiscal regime in the future.
588 _aOCLC-licensed vendor bibliographic record.
650 0 _aPetroleum
_xTaxation
_zGreat Britain.
650 7 _aBUSINESS & ECONOMICS / Public Finance
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / General
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / International / Accounting
_2bisacsh
856 4 0 _3Taylor & Francis
_uhttps://www.taylorfrancis.com/books/9781315414096
856 4 2 _3OCLC metadata license agreement
_uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
999 _c126989
_d126989