Double Taxation

Abstract The purpose of this research paper is to analyse the disposed(p) issues touch petroleum industry and more so anele companies. It starts by giving a brief overview of the petroleum discolour and energy area and the critical concept of double realize in oil color colour firms. International double valuate revenueation of oil multinationals has attracted a circumstances of debate and resistance from oil companies. It refers to tax of said(prenominal) income of the same company twice by different impose authorities. In the case of oil multinationals, same taxable income is subjected to tax at home and in the host country. Whether this form of tax member or regime is justified forms the basis for this research. former donnish literatures on the subject of oil multinational and world-wide revenue enhancement policies are reviewed to form the foundation of this research. The study methodology affiance secondary data and information which were obtained fro m various websites of countries, oil companies, worldwide institutions, publications and business reports of different years. These were easily obtained from their respective websites and school library. light and quantitative statistical methods were used to in the study. The research findings successfully answered the research questions set out by the researcher frontward the commencement of research.

The study found that international double tax income is negatively affecting oil and spoil multinationals, drastically declension their ability to compete fairly in the global oil markets. The study has recommended the revision of international double taxation systems by either ma king them uniform or completely abolishing t! o cause a level playing ground for all oil multinationals. CHAPTER ONE 1. INTRODUCTION Overview of oil industry Oil and gas industry is enormously large. fossil oil is refined and chemically separated into fractions before being converted into finished sack products which include gasoline, aviation fuels, distillate and respite oil, petroleum gas,...If you destiny to get a full essay, score it on our website: OrderEssay.net

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