Abstract
Preparation of Bill on Hydrocarbon Taxation to Faroese Parliament (Løgting). The work involves economic analysis of model oilfield with cash flow analysis of government take. Drafting bill in correct economic and legal terms to present the case for reducing the rate of Normal Hydrocarbon Tax from 27% to 18% in line with current Corporation Tax. Consultancy work on behalf of 3 different political parties.
Translated title of the contribution | Parliamentary Bill on Hydrocarbon Taxation (LM-053/2024): Proposal to reduce the rate of Normal Hydrocarbon Tax |
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Original language | Faroese |
Type | Parliamentary Bill on Hydrocarbon Taxation |
Media of output | Online |
Publisher | Føroya Løgting |
Number of pages | 20 |
Place of Publication | Tórshavn |
Publication status | Submitted - 20 Dec 2024 |
Keywords
- Parliamentary Bill on Hydrocarbon Taxation
- proposal
- reduction of rate of Normal Hydrocarbon Tax
- Faroe Islands