The oil industry is the richest and most influential industry in the world. The industry has moved the fates of nations. Oil is required to fight wars and exert power, and the restriction of this energy source is paramount to the restriction of movement, control, and in the end, power. Management of this resource and the tax revenue it generates are of serious strategic importance, both domestically and internationally. Understanding the results of taxation for this important commodity is important to international relations as well. The tax system affects tax revenue, government actions, oil company actions, and the oil supply itself. Each of these is important to international relations.
College and Department
David M. Kennedy Center
BYU ScholarsArchive Citation
Hill, Mark, "The British North Sea: The Importance Of And Factors Affecting Tax Revenue From Oil Production" (2004). All Theses and Dissertations. 4229.
North Sea, British, tax, taxation, government policy, oil, gas, crude, crude oil, natural resources, United Kingdom, United Kingdom Continental Shelf, UK, UKCS, Great Britain, Scotland, Norway, petroleum, economic rent, OPEC, Middle East, Piper Alpha, mineral, mineral taxation, tax regime, tax revenue, fiscal system, David Ricardo, Johnston, royalties, PRT, SPD, Special Petroleum Duty, Rig count, take, government take, corporation tax, econometric