Evaluation of the Oil Fiscal Regime in Russia and Proposals for Reform
AbstractOil 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 10/33.
Date of creation: 01 Feb 2010
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-03-28 (All new papers)
- NEP-CIS-2010-03-28 (Confederation of Independent States)
- NEP-CMP-2010-03-28 (Computational Economics)
- NEP-ENE-2010-03-28 (Energy Economics)
- NEP-TRA-2010-03-28 (Transition Economics)
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- Andrei STOIAN & Radu BECHERESCU, 2013. "Financial Crises Of The Last Two Decades And The Issues To Be Addressed," CrossCultural Management Journal, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 27, pages 200-211, February.
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