Navigating transfer pricing risk in the oil and gas sector: Essential elements of a policy framework for Trinidad and Tobago and Guyana

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2021/10/Rev.1
cepal.docTypeSeries
cepal.jobNumberS2100247_en
cepal.sdg1
cepal.topicEngENERGY
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngMINING RESOURCES
cepal.topicEngPRICES
cepal.topicEngREGULATION
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaENERGÍA
cepal.topicSpaPRECIOS
cepal.topicSpaRECURSOS MINEROS
cepal.topicSpaREGULACIÓN
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorMcLean, Sheldon
dc.contributor.authorCharles, Don
dc.contributor.authorRajkumar, Antonio
dc.coverage.spatialEngGUYANA
dc.coverage.spatialEngTRINIDAD AND TOBAGO
dc.coverage.spatialSpaGUYANA
dc.coverage.spatialSpaTRINIDAD Y TABAGO
dc.date.accessioned2021-04-28T14:51:55Z
dc.date.available2021-04-28T14:51:55Z
dc.date.issued2021-04-28
dc.description.abstractThis study explores the oil and gas value chain by first examining the oil and gas taxation framework and assessing the mechanics of the industry’s natural creation of opportunities for transfer pricing. The results of the analysis are then used to identify the most appropriate regime with which to address transfer pricing and provide sound policy recommendations for its implementation. Consequently, the study posits that inherent pricing risk can be mitigated by developing an appropriate fiscal and legislative framework complemented by the designation of a competent revenue authority to ensure that multinationals set fair hydrocarbon prices. Further research possibilities however remain, particularly by expanding the focus of the analysis to include Latin American economies and employing a game theory framework.
dc.description.tableOfContentsAbstract .-- Introduction .-- I. Hydrocarbon industry in Trinidad and Tobago and Guyana .-- II. Oil and gas global value chain .-- III. Oil vs gas markets and pricing .-- IV. Taxation modalities: oil and gas industries .-- V. Transfer pricing, base erosion and profit shifting .-- VI. Estimated revenue loss for Trinidad and Tobago .-- VII. Policy recommendations.
dc.formatTexto
dc.format.extent70 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/CAR/TS.2021/3/Rev.1
dc.identifier.unSymbolLC/TS.2021/10/Rev.1
dc.identifier.urihttps://hdl.handle.net/11362/46813
dc.language.isoeng
dc.physicalDescription70 p.
dc.publisherECLAC
dc.publisher.placePort-of-Spain
dc.relation.isPartOfSeriesStudies and Perspectives Series (The Caribbean)
dc.relation.isPartOfSeriesNo101
dc.rights.coarDisponible
dc.subject.unbisEngPETROLEUM INDUSTRY
dc.subject.unbisEngGAS INDUSTRY
dc.subject.unbisEngTRANSFER PRICING
dc.subject.unbisEngMARKETS
dc.subject.unbisEngTAXATION
dc.subject.unbisEngINCOME
dc.subject.unbisEngRISK
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisSpaINDUSTRIA PETROLERA
dc.subject.unbisSpaINDUSTRIA DEL GAS
dc.subject.unbisSpaPRECIOS DE TRANSFERENCIA
dc.subject.unbisSpaMERCADOS
dc.subject.unbisSpaTRIBUTACION
dc.subject.unbisSpaINGRESOS
dc.subject.unbisSpaRIESGO
dc.subject.unbisSpaPOLITICA FISCAL
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.titleNavigating transfer pricing risk in the oil and gas sector: Essential elements of a policy framework for Trinidad and Tobago and Guyana
dc.type.coarlibro
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