Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This paper models in a dynamic framework the production activities of the United States petroleum industry in an attempt to measure the effects of the federal income tax on reserve depletion. This model incorporates general corporate taxes, including the capital subsidies, excess depreciation and the investment tax credit, and taxes unique to the industry: drilling subsidies and percentage depletion. Because corporate response to tax incentives depends on market power and behavior, three behavioral assumptions are tested for consistency with the 1960 to 1974 data period before the tax policies are simulated. These assumptions are perfect competition, profit monopoly, and sales monopoly. The tax policies simulated at the end of this paper present six possible alternatives for future petroleum industry taxation. Sales monopoly is selected as the behavioral assumption that best describes petroleum industry behavior. Tax simulations under sales monopoly reveal that historical income tax policies have kept oil prices artificially low, stimulating (subsidizing) reserve depletion.
Federal Income Taxation of the U.S. Petroleum Industry and the Depletion of Domestic Reserves. Final Report
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This paper models in a dynamic framework the production activities of the United States petroleum industry in an attempt to measure the effects of the federal income tax on reserve depletion. This model incorporates general corporate taxes, including the capital subsidies, excess depreciation and the investment tax credit, and taxes unique to the industry: drilling subsidies and percentage depletion. Because corporate response to tax incentives depends on market power and behavior, three behavioral assumptions are tested for consistency with the 1960 to 1974 data period before the tax policies are simulated. These assumptions are perfect competition, profit monopoly, and sales monopoly. The tax policies simulated at the end of this paper present six possible alternatives for future petroleum industry taxation. Sales monopoly is selected as the behavioral assumption that best describes petroleum industry behavior. Tax simulations under sales monopoly reveal that historical income tax policies have kept oil prices artificially low, stimulating (subsidizing) reserve depletion.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This paper models in a dynamic framework the production activities of the United States petroleum industry in an attempt to measure the effects of the federal income tax on reserve depletion. This model incorporates general corporate taxes, including the capital subsidies, excess depreciation and the investment tax credit, and taxes unique to the industry: drilling subsidies and percentage depletion. Because corporate response to tax incentives depends on market power and behavior, three behavioral assumptions are tested for consistency with the 1960 to 1974 data period before the tax policies are simulated. These assumptions are perfect competition, profit monopoly, and sales monopoly. The tax policies simulated at the end of this paper present six possible alternatives for future petroleum industry taxation. Sales monopoly is selected as the behavioral assumption that best describes petroleum industry behavior. Tax simulations under sales monopoly reveal that historical income tax policies have kept oil prices artificially low, stimulating (subsidizing) reserve depletion.
Federal Income Taxation of the United States Petroleum Industry and the Depletion of Domestic Reserves
Author: Silvio Joseph Flaim
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 392
Book Description
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 392
Book Description
Federal Income Taxation of the U.S. Petroleum Industry and the Depletion of Domestic Reserves
Author: Silvio J. Flaim
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 106
Book Description
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 106
Book Description
An Analysis of the Federal Tax Treatment of Oil and Gas and Some Policy Alternatives
Author: Leroy Dunn
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 68
Book Description
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 68
Book Description
Energy Research Abstracts
Energy Abstracts for Policy Analysis
Issues in the Taxation of Petroleum and Natural Gas Income
Oil and Gas
Author: Patrick A Hennessee
Publisher: CCH Incorporated
ISBN: 9780808031215
Category :
Languages : en
Pages : 0
Book Description
Understand the important tax law and planning considerations related to the energy industry including mineral rights, development and production. It includes references to corresponding Internal Revenue Code and Regulation sections, IRS rulings and cour
Publisher: CCH Incorporated
ISBN: 9780808031215
Category :
Languages : en
Pages : 0
Book Description
Understand the important tax law and planning considerations related to the energy industry including mineral rights, development and production. It includes references to corresponding Internal Revenue Code and Regulation sections, IRS rulings and cour
Economic Legislation of Taxation
Author: Simon M. Simon
Publisher: Ayer Publishing
ISBN: 9780405120114
Category : Depletion allowances
Languages : en
Pages : 238
Book Description
In this doctoral thesis the author analyzes the legislation, the rationale that Congress followed and the salient facts that led to the final development of percentage depletion in the federal income tax structure.
Publisher: Ayer Publishing
ISBN: 9780405120114
Category : Depletion allowances
Languages : en
Pages : 238
Book Description
In this doctoral thesis the author analyzes the legislation, the rationale that Congress followed and the salient facts that led to the final development of percentage depletion in the federal income tax structure.