Jul 22, 2013
From the Global Energy Institute
The oil and gas industry has long been a challenging but exciting area for both United States and foreign tax regimes.
The industry is capital intensive and global, resulting in a myriad of complex tax issues that create planning opportunities for the well informed and traps for the unsuspecting. The U.S. hydrocarbon boom and the industry’s continued entry into new jurisdictions, combined with an increase in revenue seeking by tax authorities globally, creates a host of issues for oil and gas executives and tax practitioners.
This article, which appears in the Oil & Gas Monitor online edition, addresses some of the more interesting and relevant issues impacting the industry broadly.