Dr Nathaniel Babajide n.babajide@rgu.ac.uk
Lecturer
Tax regimes of oil producing giants: a comparative study of Iran, Nigeria and United States of America.
Babajide, Nathaniel; Arimoro, Peter; Kabir, Yusuf
Authors
Peter Arimoro
Yusuf Kabir
Abstract
Taxation is one of the significant phenomenons in any economy as its not only generates revenue for existing government but serve as a fiscal tool as well as stabilization policy. One of the main types of taxation is the petroleum tax which accounts for more than 30% of revenue for developed countries and more than 85% for developing economies. This work focuses on comparative analysis of three petroleum producing giants: Nigeria, United States of America and Iran. The tax system have changed over time with changing circumstance: the structure of political environment, the nature of respective oil industry, the policies of the individual oil associations belonged to, the price of oil and domestic demand. The study found amongst other that the tax systems of the three countries are fixed over time and the not adequately flexible to attune to profitability or non-profitability of oil as well as price.
Citation
BABAJIDE, N., ARIMORO, P. and KABIR, Y. 2015. Tax regimes of oil producing giants: a comparative study of Iran, Nigeria and United States of America. International journal of multidisciplinary research and development [online], 2(2), pages 66-75. Available from: https://allsubjectjournal.com/assets/archives/2015/vol2issue2/148.1.pdf
| Journal Article Type | Article |
|---|---|
| Online Publication Date | Feb 28, 2015 |
| Publication Date | Feb 28, 2015 |
| Deposit Date | May 24, 2024 |
| Publicly Available Date | May 24, 2024 |
| Journal | International journal of multidisciplinary research and development |
| Print ISSN | 2349-5979 |
| Electronic ISSN | 2349-4182 |
| Publisher | International Journal of Multidisciplinary Research and Development |
| Peer Reviewed | Peer Reviewed |
| Volume | 2 |
| Issue | 2 |
| Pages | 66-75 |
| Keywords | Petroleum tax; Profitability revenue; Taxation; Tax system |
| Public URL | https://rgu-repository.worktribe.com/output/2344799 |
| Publisher URL | https://allsubjectjournal.com/archives/2015/vol2/issue2 |
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