Recent Developments in Income Taxation of the Petroleum Industry

Authors

  • Edward J. Brown

DOI:

https://doi.org/10.29173/alr584

Keywords:

Energy Law, Petroleum Law

Abstract

This paper examines recent federal budget incentives (and some disincentives) for the in dustry, recent income taxjurisprudence such as the Alberta Southern Gas decision, cer tain tax innovations in drilling and production fund corporations and partnerships, and some tax features of recent techniques used to acquire assets and shares ofpetroleum com panies. The paper concludes with recommendation for more generous tax treatment of drilling pre-payments and non-recourse financings.

Downloads

Issue

Vol 18, No 1: Petroleum Law Supplement

Section

Articles

License

For Editions following and including Volume 61 No. 1, the following applies.

This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License

For Editions prior to Volume 61 No. 1, the following applies.

Author(s) retain original copyright in the substantive content of the titled work, subject to the following rights that are granted indefinitely:

  1. Author(s) grant the Alberta Law Review permission to produce, publish, disseminate, and distribute the titled work in electronic format to online database services, including, but not limited to: LexisNexis, QuickLaw, HeinOnline, and EBSCO;
  2. Author(s) grant the Alberta Law Review permission to post the titled work on the Alberta Law Review website and/or related websites.
  3. Author(s) agree that the titled work may be used for educational or instructional purposes and/or in educational or instructional materials. The author(s) acknowledge that the titled work is subject to other such "fair dealing" provisions and applicable legislation.
  4. Author(s) grant a limited license to those accessing the titled work from an electronic database or an Alberta Law Review website to download the titled work onto their computer and to print a copy for their own personal, non-commercial use, subject to proper attribution.

To use the journal's content elsewhere, permission must be obtained from the author(s) and the Alberta Law Review.