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

This 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 t...

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Autores principales:	McLean, Sheldon, Charles, Don, Rajkumar, Antonio
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2021
Materias:	INDUSTRIA PETROLERA INDUSTRIA DEL GAS PRECIOS DE TRANSFERENCIA MERCADOS TRIBUTACION INGRESOS RIESGO POLITICA FISCAL DESARROLLO ECONOMICO PETROLEUM INDUSTRY GAS INDUSTRY TRANSFER PRICING MARKETS TAXATION INCOME RISK FISCAL POLICY ECONOMIC DEVELOPMENT
Acceso en línea:	http://hdl.handle.net/11362/46813
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id	oai-11362-46813
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spelling	oai-11362-468132021-04-28T19:01:27Z Navigating transfer pricing risk in the oil and gas sector: Essential elements of a policy framework for Trinidad and Tobago and Guyana McLean, Sheldon Charles, Don Rajkumar, Antonio INDUSTRIA PETROLERA INDUSTRIA DEL GAS PRECIOS DE TRANSFERENCIA MERCADOS TRIBUTACION INGRESOS RIESGO POLITICA FISCAL DESARROLLO ECONOMICO PETROLEUM INDUSTRY GAS INDUSTRY TRANSFER PRICING MARKETS TAXATION INCOME RISK FISCAL POLICY ECONOMIC DEVELOPMENT This 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. Abstract .-- 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. 2021-04-28T14:51:55Z 2021-04-28T14:51:55Z 2021-04-28 Texto Documento Completo http://hdl.handle.net/11362/46813 LC/CAR/TS.2021/3/Rev.1 LC/TS.2021/10/Rev.1 en Studies and Perspectives Series – The Caribbean 101 .pdf application/pdf GUAYANA FRANCESA TRINIDAD Y TABAGO GUYANA TRINIDAD AND TOBAGO ECLAC
institution	Cepal
collection	Cepal
language	English
topic	INDUSTRIA PETROLERA INDUSTRIA DEL GAS PRECIOS DE TRANSFERENCIA MERCADOS TRIBUTACION INGRESOS RIESGO POLITICA FISCAL DESARROLLO ECONOMICO PETROLEUM INDUSTRY GAS INDUSTRY TRANSFER PRICING MARKETS TAXATION INCOME RISK FISCAL POLICY ECONOMIC DEVELOPMENT
spellingShingle	INDUSTRIA PETROLERA INDUSTRIA DEL GAS PRECIOS DE TRANSFERENCIA MERCADOS TRIBUTACION INGRESOS RIESGO POLITICA FISCAL DESARROLLO ECONOMICO PETROLEUM INDUSTRY GAS INDUSTRY TRANSFER PRICING MARKETS TAXATION INCOME RISK FISCAL POLICY ECONOMIC DEVELOPMENT McLean, Sheldon Charles, Don Rajkumar, Antonio Navigating transfer pricing risk in the oil and gas sector: Essential elements of a policy framework for Trinidad and Tobago and Guyana
description	This 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.
format	Texto
author	McLean, Sheldon Charles, Don Rajkumar, Antonio
author_facet	McLean, Sheldon Charles, Don Rajkumar, Antonio
author_sort	McLean, Sheldon
title	Navigating transfer pricing risk in the oil and gas sector: Essential elements of a policy framework for Trinidad and Tobago and Guyana
title_short	Navigating transfer pricing risk in the oil and gas sector: Essential elements of a policy framework for Trinidad and Tobago and Guyana
title_full	Navigating transfer pricing risk in the oil and gas sector: Essential elements of a policy framework for Trinidad and Tobago and Guyana
title_fullStr	Navigating transfer pricing risk in the oil and gas sector: Essential elements of a policy framework for Trinidad and Tobago and Guyana
title_full_unstemmed	Navigating transfer pricing risk in the oil and gas sector: Essential elements of a policy framework for Trinidad and Tobago and Guyana
title_sort	navigating transfer pricing risk in the oil and gas sector: essential elements of a policy framework for trinidad and tobago and guyana
publisher	ECLAC
publishDate	2021
url	http://hdl.handle.net/11362/46813
work_keys_str_mv	AT mcleansheldon navigatingtransferpricingriskintheoilandgassectoressentialelementsofapolicyframeworkfortrinidadandtobagoandguyana AT charlesdon navigatingtransferpricingriskintheoilandgassectoressentialelementsofapolicyframeworkfortrinidadandtobagoandguyana AT rajkumarantonio navigatingtransferpricingriskintheoilandgassectoressentialelementsofapolicyframeworkfortrinidadandtobagoandguyana
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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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