Economic Growth and Investment Regimes in Subsoil Use and its consequences for Russia (Results of Cross-Country Comparison)
Article from: OGEL 4 (2015), in Taxation
Introduction
International practice has the following regimes of subsoil use and related types of investment agreements for the right of subsoil use between the host-state (the owner of subsurface resources) and an investor that has received rights for subsoil use (according to simplified classification of the author): concession; production-sharing agreement (PSA); and license. The analysis covers tax patterns applied within these regimes, such as: generalized/unified pattern or "tax plus royalty" scheme, on the one hand, and individualized/differentiated pattern or "production-sharing" scheme, on ...