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Why Does Trinidad and Tobago Need a Different Fiscal Regime for Gas?

WAGBARA, OBINDAH (2008) Why Does Trinidad and Tobago Need a Different Fiscal Regime for Gas? I.E.L.R., 3.

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This study is imperative as the nation aims to maximise benefits from the natural resource. Thework is relevant because an efficient tax structure for gas would benefit the Trinis5 and also encourage continued foreign investment. Significantly, the question is a current challenge not just for the Trinis but for many gas-rich countries. Interestingly, this single country study captures a strong theme in the energy industry. The paper attempts to answer the research question using a descriptive analysis. By highlighting the inherent inadequacies of the existing (oil) tax structure used for gas exploitation, the answer becomes obvious. Five essential characteristics of tax regimes are the criteria used for evaluating the regime. They include neutrality, stability, government take, imposition and administration, and predictability. These criteria are explained in the next section after a brief on the peculiarities of gas. The third section presents the existing regime and subsequently analyses it in relation to gas. Thereafter, the study is concluded

Item Type: Article
Subjects: T Technology > T Technology (General)
T Technology > TN Mining engineering. Metallurgy
Divisions: Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 06 Sep 2016 14:54
Last Modified: 06 Sep 2016 14:54

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