American Tax Considerations in the Drafting of Canadian Joint Operating Agreements

Authors

  • John F. Curran

DOI:

https://doi.org/10.29173/alr540

Keywords:

Energy Law, Petroleum Law

Abstract

Many operators in Canada's oil and gas industry are subject to taxation under the United States Internal Revenue Code. In their Canadian activities, operations and agreements, these operators seek to preserve any tax benefits that they may have under the income tax laws of the United States. This article outlines the tax advantages which the United States operator wishes to preserve, such as avoidance of the status of an on Canadian operators not subject to United States tax laws, and suggests draft clauses that may be included in Canadian joint operating agreements to preserve United States tax benefits for the American operator.

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Issue

Vol 8, No 2: Petroleum Law Supplement: Oil and Gas Joint Venture Agreements

Section

Articles

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