TAX BURDEN OF RUSSIAN OIL COMPANIES AFTER TAX CONSOLIDATION

Natalia V. Pokrovskaia, Kristina A. Bannova, Valeria S. Kornyushina

Результат исследований: Публикации в книгах, отчётах, сборниках, трудах конференцийстатья в сборнике материалов конференциинаучнаярецензирование

Выдержка

This article takes studying the impact of tax consolidation on oil companies' tax burden as its focus. Oil companies are crucial for the Russian economy while oil and gas money are as well important for the Russian budget. Besides, a lot of oil companies being major taxpayers have had the opportunity to consolidate corporate profit tax since 2012. The article's goal is to analyze the results of creating consolidated groups of taxpayers for tax burden in terms of corporate profit tax exemplified by oil companies in order to assess the importance of profit tax consolidation as a way of reducing corporate profit tax. Upon analyzing the data provided by the Federal Tax Service of Russia and 2010-2015 oil companies' financial reports, it is possible to conclude that the largest tax burden falls on fossil fuel industry in comparison with other industries what can be explained first of all by the mineral extraction tax. Corporate profit tax burden for most oil companies in 2014 accounted for 5% of revenue. At the same time, profit tax burdens on consolidated groups of taxpayers producing oil vary a lot; in 2012, the general trend was falling, but then it started to grow again. Thus, it is impossible to state that tax obligations and corporate profit tax burden have significantly decreased as a result of creating consolidated groups of taxpayers for oil producers. Quantitative analysis of money spent for paying the profit tax might be interesting for describing consequences of creating consolidated groups of taxpayers. (C) 2017 Published by Future Academy www.FutureAcademy.org.uk

Язык оригиналаАнглийский
Название основной публикацииRRI 2016 - INTERNATIONAL CONFERENCE RESPONSIBLE RESEARCH AND INNOVATION
РедакторыKA Yurevna, AI Borisovich, WM DeJong, MN Vladimirovich
ИздательFuture Academy
Страницы776-783
Число страниц8
DOI
СостояниеОпубликовано - 2017
СобытиеInternational Conference on Responsible Research and Innovation (RRI) - Tomsk
Продолжительность: 7 ноя 201610 ноя 2016

Серия публикаций

НазваниеEuropean Proceedings of Social and Behavioural Sciences
ИздательFUTURE ACAD
Том26
ISSN (печатное издание)2357-1330

Конференция

КонференцияInternational Conference on Responsible Research and Innovation (RRI)
ГородTomsk
Период7/11/1610/11/16

Цитировать

Pokrovskaia, N. V., Bannova, K. A., & Kornyushina, V. S. (2017). TAX BURDEN OF RUSSIAN OIL COMPANIES AFTER TAX CONSOLIDATION. В KA. Yurevna, AI. Borisovich, WM. DeJong, & MN. Vladimirovich (Ред.), RRI 2016 - INTERNATIONAL CONFERENCE RESPONSIBLE RESEARCH AND INNOVATION (стр. 776-783). (European Proceedings of Social and Behavioural Sciences; Том 26). Future Academy. https://doi.org/10.15405/epsbs.2017.07.02.100
Pokrovskaia, Natalia V. ; Bannova, Kristina A. ; Kornyushina, Valeria S. / TAX BURDEN OF RUSSIAN OIL COMPANIES AFTER TAX CONSOLIDATION. RRI 2016 - INTERNATIONAL CONFERENCE RESPONSIBLE RESEARCH AND INNOVATION. редактор / KA Yurevna ; AI Borisovich ; WM DeJong ; MN Vladimirovich. Future Academy, 2017. стр. 776-783 (European Proceedings of Social and Behavioural Sciences).
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abstract = "This article takes studying the impact of tax consolidation on oil companies' tax burden as its focus. Oil companies are crucial for the Russian economy while oil and gas money are as well important for the Russian budget. Besides, a lot of oil companies being major taxpayers have had the opportunity to consolidate corporate profit tax since 2012. The article's goal is to analyze the results of creating consolidated groups of taxpayers for tax burden in terms of corporate profit tax exemplified by oil companies in order to assess the importance of profit tax consolidation as a way of reducing corporate profit tax. Upon analyzing the data provided by the Federal Tax Service of Russia and 2010-2015 oil companies' financial reports, it is possible to conclude that the largest tax burden falls on fossil fuel industry in comparison with other industries what can be explained first of all by the mineral extraction tax. Corporate profit tax burden for most oil companies in 2014 accounted for 5{\%} of revenue. At the same time, profit tax burdens on consolidated groups of taxpayers producing oil vary a lot; in 2012, the general trend was falling, but then it started to grow again. Thus, it is impossible to state that tax obligations and corporate profit tax burden have significantly decreased as a result of creating consolidated groups of taxpayers for oil producers. Quantitative analysis of money spent for paying the profit tax might be interesting for describing consequences of creating consolidated groups of taxpayers. (C) 2017 Published by Future Academy www.FutureAcademy.org.uk",
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Pokrovskaia, NV, Bannova, KA & Kornyushina, VS 2017, TAX BURDEN OF RUSSIAN OIL COMPANIES AFTER TAX CONSOLIDATION. в KA Yurevna, AI Borisovich, WM DeJong & MN Vladimirovich (ред.), RRI 2016 - INTERNATIONAL CONFERENCE RESPONSIBLE RESEARCH AND INNOVATION. European Proceedings of Social and Behavioural Sciences, том. 26, Future Academy, стр. 776-783, Tomsk, 7/11/16. https://doi.org/10.15405/epsbs.2017.07.02.100

TAX BURDEN OF RUSSIAN OIL COMPANIES AFTER TAX CONSOLIDATION. / Pokrovskaia, Natalia V.; Bannova, Kristina A.; Kornyushina, Valeria S.

RRI 2016 - INTERNATIONAL CONFERENCE RESPONSIBLE RESEARCH AND INNOVATION. ред. / KA Yurevna; AI Borisovich; WM DeJong; MN Vladimirovich. Future Academy, 2017. стр. 776-783 (European Proceedings of Social and Behavioural Sciences; Том 26).

Результат исследований: Публикации в книгах, отчётах, сборниках, трудах конференцийстатья в сборнике материалов конференциинаучнаярецензирование

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AU - Kornyushina, Valeria S.

PY - 2017

Y1 - 2017

N2 - This article takes studying the impact of tax consolidation on oil companies' tax burden as its focus. Oil companies are crucial for the Russian economy while oil and gas money are as well important for the Russian budget. Besides, a lot of oil companies being major taxpayers have had the opportunity to consolidate corporate profit tax since 2012. The article's goal is to analyze the results of creating consolidated groups of taxpayers for tax burden in terms of corporate profit tax exemplified by oil companies in order to assess the importance of profit tax consolidation as a way of reducing corporate profit tax. Upon analyzing the data provided by the Federal Tax Service of Russia and 2010-2015 oil companies' financial reports, it is possible to conclude that the largest tax burden falls on fossil fuel industry in comparison with other industries what can be explained first of all by the mineral extraction tax. Corporate profit tax burden for most oil companies in 2014 accounted for 5% of revenue. At the same time, profit tax burdens on consolidated groups of taxpayers producing oil vary a lot; in 2012, the general trend was falling, but then it started to grow again. Thus, it is impossible to state that tax obligations and corporate profit tax burden have significantly decreased as a result of creating consolidated groups of taxpayers for oil producers. Quantitative analysis of money spent for paying the profit tax might be interesting for describing consequences of creating consolidated groups of taxpayers. (C) 2017 Published by Future Academy www.FutureAcademy.org.uk

AB - This article takes studying the impact of tax consolidation on oil companies' tax burden as its focus. Oil companies are crucial for the Russian economy while oil and gas money are as well important for the Russian budget. Besides, a lot of oil companies being major taxpayers have had the opportunity to consolidate corporate profit tax since 2012. The article's goal is to analyze the results of creating consolidated groups of taxpayers for tax burden in terms of corporate profit tax exemplified by oil companies in order to assess the importance of profit tax consolidation as a way of reducing corporate profit tax. Upon analyzing the data provided by the Federal Tax Service of Russia and 2010-2015 oil companies' financial reports, it is possible to conclude that the largest tax burden falls on fossil fuel industry in comparison with other industries what can be explained first of all by the mineral extraction tax. Corporate profit tax burden for most oil companies in 2014 accounted for 5% of revenue. At the same time, profit tax burdens on consolidated groups of taxpayers producing oil vary a lot; in 2012, the general trend was falling, but then it started to grow again. Thus, it is impossible to state that tax obligations and corporate profit tax burden have significantly decreased as a result of creating consolidated groups of taxpayers for oil producers. Quantitative analysis of money spent for paying the profit tax might be interesting for describing consequences of creating consolidated groups of taxpayers. (C) 2017 Published by Future Academy www.FutureAcademy.org.uk

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Pokrovskaia NV, Bannova KA, Kornyushina VS. TAX BURDEN OF RUSSIAN OIL COMPANIES AFTER TAX CONSOLIDATION. В Yurevna KA, Borisovich AI, DeJong WM, Vladimirovich MN, редакторы, RRI 2016 - INTERNATIONAL CONFERENCE RESPONSIBLE RESEARCH AND INNOVATION. Future Academy. 2017. стр. 776-783. (European Proceedings of Social and Behavioural Sciences). https://doi.org/10.15405/epsbs.2017.07.02.100