Template-type: ReDIF-Article 1.0
Author-Name: Andrey S. Kaukin
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Author-Name: Eugenia M. Miller
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Legislative Cap on Urals Oil Price Discount to Brent Oil
Title: Законодательное ограничение размера скидки цены на нефть марки Urals к марке Brent
Abstract: The approved tax code amendments will cap a discount on Urals oil price to North Sea Dated for the calculation of oil taxes. By our estimates, amendments may bring an additional of around Rb640bn into the budget in 2023. However, the mechanism incorporated in the amendments entails the risk of a «manual» regulation of taxation parameters in the oil industry in case of a dramatic change in prices for oil on the global market.
Keywords: Urals crude oil, Brent crude oil, Tax Code of the Russian Federation
Classification-JEL: H24, L71, Q41
Journal: Russian Economic Developments
Year: 2023
Issue: 4
Month: April
Pages: 57-60
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2333.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2333