TAXING THE SECOND NORTH SEA OIL BOOM: A FAIR DEAL OR A RAW DEAL?
The following sections are included:
Booming production and dwinding tax-take
Changes in the fiscal regime
The contribution of falling oil prices and falling prodution
Fair deal or raw deal: has fiscal relaxation stimulated exploration and discovery?
Fair deal or raw deal: Company profitability
Fair deal or raw deal: international comparisons
Fair deal or raw deal: some views
Conclusion: a raw deal made worse by rapid depletion
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