Template-Type: ReDIF-Article 1.0
Author-Name: Yuriy Bobylev
Author-Name-First:  Yuriy     
Author-Name-Last: Bobylev
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title: TAX MANEUVER IN RUSSIA’S OIL SECTOR
Abstract: In 2015, the oil sector was subject to the so called “tax maneuver”, a system of measures aimed at signifi cantreduction of economic component of the export duties and increasing the base rate of the mineral extraction tax. Tax maneuver will result in a more effi cient structure of the tax system, reduction of subsidizing scale of crude oil refi ning sector and other EEU member states, provision of more incentives for energy effi cient growth. Data released for H1 2015, demonstrate signifi cant changes in a number of trends taking place in the oil sector under the eff ect of the maneuver including reduction of fuel oil production which took place for the first time over the last years and increase of the crude oil exports which is more effi cient for the state budget in comparison with
fuel oil exports.
Classification-JEL:P24, E52  
Keywords: Russian Economy
Journal: Russian Economic Developments
Year: 2015
Issue: 8
Month: August
Pages: 47-50
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/557Bobylev.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:557