27.08.2010
Resource nationalism is a concept to describe a country’s policies that has as an objective to maximize government take and control over its natural resources, by amending the fiscal and other existing legal regulations. Such changes enacted by governments vis-à-vis oil and gas companies are done one-sidedly to the benefit of the government and the detriment of the O&G corporations.
Traditionally as commodity prices rise, national governments have sought to boost their share of the proceeds, either to save or to spend. When prices fall, by contrast, they have tended to loosen their fiscal regimes to encourage investment and extraction.
25.08.2010
In so far as reduction of GHG emissions – these are defined as measures that do not have a material effect on the lifestyle of consumers
24.08.2010
See depletion allowance
With the objective to encourage equity investment the local Government sometimes grants tax holidays to investors. For instance, the Government of Burma offers a 3 year tax holiday on income tax. This benefit provides an advantage to companies that invest in that it accelerates the profits from the project. On the other hand, the state must take care from not over-using this mechanism in order to attract investors.
21.08.2010
The concept here is to allow a company to carry forward losses from one year in order to offset tax obligations in the following years, usually 5 to 7 years forward until the benefit (past losses) are no longer relevant