Evaluation of the Oil Fiscal Regime in Russia and Proposals for Reform

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Price:  $18.00

Author/Editor: Daria Zakharova, Brenton Goldsworthy
Release Date: © February, 2010
ISBN : 978-1-45196-270-3
Stock #: WPIEA2010033
English
Stock Status: Available

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Description

Oil revenue plays a central role in Russia's economic development. Thus, the recent decline in oil production and investment, and the possible contribution of the current fiscal regime to these developments, have prompted a reassessment of the oil tax system in Russia. Some important changes have already been made, while others are underway. This paper uses a simulation model to evaluate Russia's current oil fiscal regime. Based on these simulations, the paper proposes ways to make the fiscal regime more supportive of investment, while ensuring an appropriate share of oil sector profits for the government.

Taxonomy

Economic policy , Fiscal policy , Monetary policy , Reserves , Tax policy




More publications in this series: Working Papers


More publications by: Daria Zakharova ; Brenton Goldsworthy