Tax maneuver in oil and gas industry: the first results of the tax on an additional income and prospects for development

Abstract

The article is devoted to the introduction of tax on an additional income and its impact on the economy of the country. The basic feasibility of the development of tax on an additional income and the first economic results of the introduction of a new tax are researched by analysing of the information given by major oil companies and the Russian Government.

Keywords

• legislation on taxes and fees
• subsoil and subsoil users
• an additional income tax
• taxation of carbon raw materials
• tax policy
• tax revenues
• object of taxation
• tax base
• tax benefits
• economic development