Acquisition of Exploration and Production Rights Outside of Canada
AbstractFrom practical point of view, the author examines problems which may be encountered in determining the most suitable method of acquisition of exploration and production rights outside of Canada. The paper deals with the evaluation of fiscal and operational considerations, including tax ramifications of alternatives in both Canada and the host country. It deals briefly with practical factors in assessment of the investment climate in the host country; and, it deals extensively with selection of the most appropriate corporate vehicle through which to hold the concession, examining the comparative advantages and disadvantages of branches and subsidiaries with special attention to tax implications.
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