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首页> 外文学位 >TAX ACCOUNTING METHOD AND OFFSHORE PETROLEUM DEVELOPMENT: A POLICY EVALUATION MODEL EMPLOYING ROYALTY EQUIVALENTS AND EXCISE TAXES (OIL AND GAS, CAPITAL BUDGETING, SIMULATION, CAPITALIZATION, NET PRESENT VALUE).
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TAX ACCOUNTING METHOD AND OFFSHORE PETROLEUM DEVELOPMENT: A POLICY EVALUATION MODEL EMPLOYING ROYALTY EQUIVALENTS AND EXCISE TAXES (OIL AND GAS, CAPITAL BUDGETING, SIMULATION, CAPITALIZATION, NET PRESENT VALUE).

机译：税收核算方法和海上石油开发：采用版税等价物和消费税（石油和天然气，资本预算，模拟，资本化，净现值）的政策评估模型。

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摘要

The general goal of this research was to develop a methodology by which a government might choose a tax accounting method that would maximize the net present value of government revenues from a class of projects. The industry selected was offshore petroleum. The impact of tax accounting methods on reserves was also determined. The research employed a capital budgeting simulation model of a natural gas reservoir. The research did not consider uncertainty or capital rationing. The key financial variables were: tax accounting method, discount rates, expected price and costs, royalty rates, tax rates, tax credits, and expected bid. The reservoir model simulated the capacity optimization decision of the firm, that is, the decision as to the number of wells (initial capacity) with which to develop the reservoir. The basin model employed linear interpolation of the reservoir model data. It specifically dealt with the problem of minimum economic size (MES) and the resulting truncation of discovery frequencies of reservoirs.;There are five specific contributions of the research. First, The research highlighted the significant impact of the firm discount rate on government net present values. Second, the research suggests that real choices may exist for the government in specifying a tax accounting method as part of an overall tax package. Capitalization methods may interact with firm discount rate with a negative impact on total government revenue. A government may be better off by granting immediate expensing under its income tax and imposing an additional sales or excise tax. Third, the research developed the concept of royalty equivalent to quantify the net present value of the transfer between firm and government in a manner that allows comparisons in the presence of different discount rates. Fourth, the research developed procedures for graphing royalty equivalents and for interpreting the graphs so that they might be easily used. Fifth, the research extended prior work on a financial reservoir model for tax research and developed a related basin financial model for tax research.
机译：这项研究的总体目标是开发一种方法，使政府可以选择一种税收会计方法，以使一类项目的政府收入的净现值最大化。选择的行业是海上石油。还确定了税收会计方法对准备金的影响。该研究采用了天然气藏的资本预算模拟模型。该研究未考虑不确定性或资本配给。关键的财务变量是：税收会计方法，折现率，预期价格和成本，特许权使用费率，税率，税收抵免和预期投标。储层模型模拟了公司的产能优化决策，即关于开发储层的井数（初始产能）的决策。盆地模型对储层模型数据进行线性插值。它专门解决了最小经济规模（MES）问题以及由此导致的水库发现频率被截断的问题。该研究有五个具体贡献。首先，研究强调了企业贴现率对政府净现值的重大影响。其次，研究表明，在将税收会计方法指定为整体税收方案的一部分时，政府可能存在真正的选择。资本化方法可能与公司折现率相互作用，从而对政府总收入产生负面影响。政府可以根据其所得税准予立即支出并征收额外的销售税或消费税，从而获得更好的收入。第三，研究提出了使用费等价概念，以允许在存在不同折现率的情况下进行比较的方式来量化企业与政府之间转移的净现值。第四，研究开发了用于绘制特许权使用费等价物和解释图形的程序，以便可以轻松使用它们。第五，该研究扩展了用于税收研究的金融库模型的先前工作，并开发了用于税收研究的相关流域金融模型。

著录项

  • 作者

    BOYNTON, CHARLES EDWARD.;

  • 作者单位

    University of Illinois at Urbana-Champaign.;

  • 授予单位 University of Illinois at Urbana-Champaign.;
  • 学科 Business Administration Accounting.
  • 学位 Ph.D.
  • 年度 1985
  • 页码 286 p.
  • 总页数 286
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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