FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2038643995> ?p ?o ?g. }

• W2038643995 abstract "ABSTRACT This paper presents an up-to-date analysis of the impact of the oil and gas taxation regimes in Norway and the U.K. Several changes have been made to the systems in both countries since special tax packages were introduced in 1975.The emphasis in the paper is on elucidating the effects of the changes made in 1950. These changes were more wide-ranging in Norway than in the U.K. and so comparatively more analysis is undertaken of the changing Norwegian situation. The effects of the changes in both countries on fields of different sizes and profitability is examined. The timing of the development of fields now plays a significant role in determining tax takes in both countries. The possible advantages to a company of developing fields as part of ongoing operations under the two systems are examined. The effects of the two regimes on the incentive to explore are also analysed. THE CURRENT SITUATION DESCRIBED. In both Norway and the U.K. special tax packages on the exploitation of North Sea oil and gas were levied in 1975. The U.K. system was significantly changed in 1979 and then again in 1980. The Norwegian system was substantially changed in 1980 after initial proposals were significantly modified following discussions between the Government and operators. The main changes in the U.K. have been with regard to Petroleum Revenue Tax (P.R.T.), the special tax applied to oil and gas exploitation. Thus in the 1975 legislation the rate of this tax was 45% and the investment expenditure uplift allowance was equal to 175% of the main capital items. There was also a special oil allowance equal to the value of 10 million tons of oil with no more than the value of one million being allowed in any one year. The Finance Act of 1979 increased the rate of P.R.T. to 60% from January, 1979 reduced the uplift allowance to 135%,and the oil allowance to 5 million tonnes from the same date. No more than one-half of a million tonnes could be utilised in any one year. The Finance Act of 1980 increased the rate of P.R.T. to 70% from January, 1980. Further, payments of this tax are to be accelerated. Thus for the six month period ending June, 1981 operators have to pay by 1st March of that year an advance payment for that period at a rate of 15% based on 1980 liabilities. Advance payments for later periods would be made in the same way though not necessarily at the same rate." @default.
• W2038643995 created "2016-06-24" @default.
• W2038643995 creator A5049153192 @default.
• W2038643995 creator A5072310133 @default.
• W2038643995 date "1980-10-21" @default.
• W2038643995 modified "2023-10-16" @default.
• W2038643995 title "A Reassessment of the U.K. and Norwegian Systems of Offshore Oil and Gas Taxation" @default.
• W2038643995 doi "https://doi.org/10.2118/216-1980-ms" @default.
• W2038643995 hasPublicationYear "1980" @default.
• W2038643995 type Work @default.
• W2038643995 sameAs 2038643995 @default.
• W2038643995 citedByCount "0" @default.
• W2038643995 crossrefType "proceedings-article" @default.
• W2038643995 hasAuthorship W2038643995A5049153192 @default.
• W2038643995 hasAuthorship W2038643995A5072310133 @default.
• W2038643995 hasConcept C100001284 @default.
• W2038643995 hasConcept C10138342 @default.
• W2038643995 hasConcept C121955636 @default.
• W2038643995 hasConcept C121964417 @default.
• W2038643995 hasConcept C127413603 @default.
• W2038643995 hasConcept C129361004 @default.
• W2038643995 hasConcept C136264566 @default.
• W2038643995 hasConcept C138885662 @default.
• W2038643995 hasConcept C151730666 @default.
• W2038643995 hasConcept C162284963 @default.
• W2038643995 hasConcept C162324750 @default.
• W2038643995 hasConcept C17744445 @default.
• W2038643995 hasConcept C187320778 @default.
• W2038643995 hasConcept C195487862 @default.
• W2038643995 hasConcept C199539241 @default.
• W2038643995 hasConcept C2777351106 @default.
• W2038643995 hasConcept C2778137410 @default.
• W2038643995 hasConcept C29122968 @default.
• W2038643995 hasConcept C2993723005 @default.
• W2038643995 hasConcept C34447519 @default.
• W2038643995 hasConcept C40700 @default.
• W2038643995 hasConcept C41895202 @default.
• W2038643995 hasConcept C548081761 @default.
• W2038643995 hasConcept C548895740 @default.
• W2038643995 hasConcept C63428231 @default.
• W2038643995 hasConcept C68189081 @default.
• W2038643995 hasConcept C71924100 @default.
• W2038643995 hasConcept C86803240 @default.
• W2038643995 hasConceptScore W2038643995C100001284 @default.
• W2038643995 hasConceptScore W2038643995C10138342 @default.
• W2038643995 hasConceptScore W2038643995C121955636 @default.
• W2038643995 hasConceptScore W2038643995C121964417 @default.
• W2038643995 hasConceptScore W2038643995C127413603 @default.
• W2038643995 hasConceptScore W2038643995C129361004 @default.
• W2038643995 hasConceptScore W2038643995C136264566 @default.
• W2038643995 hasConceptScore W2038643995C138885662 @default.
• W2038643995 hasConceptScore W2038643995C151730666 @default.
• W2038643995 hasConceptScore W2038643995C162284963 @default.
• W2038643995 hasConceptScore W2038643995C162324750 @default.
• W2038643995 hasConceptScore W2038643995C17744445 @default.
• W2038643995 hasConceptScore W2038643995C187320778 @default.
• W2038643995 hasConceptScore W2038643995C195487862 @default.
• W2038643995 hasConceptScore W2038643995C199539241 @default.
• W2038643995 hasConceptScore W2038643995C2777351106 @default.
• W2038643995 hasConceptScore W2038643995C2778137410 @default.
• W2038643995 hasConceptScore W2038643995C29122968 @default.
• W2038643995 hasConceptScore W2038643995C2993723005 @default.
• W2038643995 hasConceptScore W2038643995C34447519 @default.
• W2038643995 hasConceptScore W2038643995C40700 @default.
• W2038643995 hasConceptScore W2038643995C41895202 @default.
• W2038643995 hasConceptScore W2038643995C548081761 @default.
• W2038643995 hasConceptScore W2038643995C548895740 @default.
• W2038643995 hasConceptScore W2038643995C63428231 @default.
• W2038643995 hasConceptScore W2038643995C68189081 @default.
• W2038643995 hasConceptScore W2038643995C71924100 @default.
• W2038643995 hasConceptScore W2038643995C86803240 @default.
• W2038643995 hasLocation W20386439951 @default.
• W2038643995 hasOpenAccess W2038643995 @default.
• W2038643995 hasPrimaryLocation W20386439951 @default.
• W2038643995 hasRelatedWork W177374137 @default.
• W2038643995 hasRelatedWork W2118548432 @default.
• W2038643995 hasRelatedWork W2171007969 @default.
• W2038643995 hasRelatedWork W2274125213 @default.
• W2038643995 hasRelatedWork W2347604034 @default.
• W2038643995 hasRelatedWork W2349892012 @default.
• W2038643995 hasRelatedWork W2402211447 @default.
• W2038643995 hasRelatedWork W2992098729 @default.
• W2038643995 hasRelatedWork W3125671035 @default.
• W2038643995 hasRelatedWork W80136085 @default.
• W2038643995 isParatext "false" @default.
• W2038643995 isRetracted "false" @default.
• W2038643995 magId "2038643995" @default.
• W2038643995 workType "article" @default.