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Study shows reduced investment due to new UK tax rates.

Authors :
Watkins, Eric
Source :
Oil & Gas Journal; 5/16/2011, Vol. 109 Issue 12b, p21-22, 2p
Publication Year :
2011

Abstract

The article reports a study by the Aberdeen University in Scotland that examined the economic effects of increased tax rates in field investments and oil gas production. The study indicates that increased tax rates will inhibit the attainment of maximum economic recovery from the continental shelf of Great Britain. It adds that reductions in post tax returns from field investment will reduce incentives to pursue exploration prospects and to finance development projects.

Details

Language :
English
ISSN :
00301388
Volume :
109
Issue :
12b
Database :
Supplemental Index
Journal :
Oil & Gas Journal
Publication Type :
Periodical
Accession number :
64878410