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This paper analyzes the interaction between corporate taxes and corporate governance. We show that the characteristics of a taxation system affect the extraction of private benefits by company insiders. A higher tax rate increases the amount of income insiders divert and thus worsens governance...
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Russia has the world's largest natural gas reserves, the second largest coal reserves and the eighth largest oil … reserves. Several factors are coming together to make it appear that Russia's energy industry has bright prospects for the … Middle East - appear to be long-term. This paper discusses the prospects for Russia's oil industry …
Persistent link: https://www.econbiz.de/10014062424
The Arctic has historically been a strategically important region for Russia, from before the Cold War to the recent … efforts in increasing shipping along the Northern Sea Route. Russia holds the largest share of petroleum resources in the …
Persistent link: https://www.econbiz.de/10012828876
The purpose of this paper is to analyse the existing forecasts of Russian energy sector development, assess their quality and compile proposals on generating industry development forecasts considering macroeconomic factors and demand for Russian energy from foreign buyers.The authors use...
Persistent link: https://www.econbiz.de/10012830455
generation for the state budget and Russia's trade balance. Implementation of the OPEC+ agreement regarding the production … post-Soviet period and the extraction and export of the natural gas hit all-time high. Under the first stage of tax … maneuver in force in the oil industry, the refining depth and increased volumes of export of petroleum products observed before …
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