Recent Developments in Income Taxation of the Petroleum Industry
Keywords:Energy Law, Petroleum Law
AbstractThis paper examines recent federal budget incentives (and some disincentives) for the in dustry, recent income taxjurisprudence such as the Alberta Southern Gas decision, cer tain tax innovations in drilling and production fund corporations and partnerships, and some tax features of recent techniques used to acquire assets and shares ofpetroleum com panies. The paper concludes with recommendation for more generous tax treatment of drilling pre-payments and non-recourse financings.
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