Estimates of Tax Revenues from the Arctic Shelf Oil Exploration

  • Victoria Viktorovna KOROSTELYOVA Yugra State University, Khanty-Mansiysk, Russia
  • Evgeny Nikolaevich RAZDROKOV Yugra State University, Khanty-Mansiysk, Russia
  • Arkady Vladimirovich KRASILNIKOV Yugra State University, Khanty-Mansiysk, Russia
  • Vladimir Alexandrovich MAKAROV Yugra State University, Khanty-Mansiysk, Russia

Abstract

Arctic shelf oil exploration is a capital-intensive and risk-bearing process. The tax concessions are provided in order to facilitate exploration of new oilfields, which would bring additional income to the budgetary system of Russia in the long view. The article provides estimates of tax revenues from the Arctic shelf oil exploration and analysis of impact of the tax concessions on new oilfield exploration in the strategic oil-producing regions of Russia.

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Published
2017-04-03
How to Cite
KOROSTELYOVA, Victoria Viktorovna et al. Estimates of Tax Revenues from the Arctic Shelf Oil Exploration. Journal of Advanced Research in Law and Economics, [S.l.], v. 6, n. 3, p. 571-583, apr. 2017. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/930>. Date accessed: 22 apr. 2024.