AAPG Statements on:
- Onshore Access
- Geologic Carbon Storage
- Atlantic Outer Continental Shelf Resources
- Hydraulic Fracturing
- Preservation of Geological and Geophysical Data
- National Petroleum Reserve-Alaska Access
- Arctic National Wildlife Refuge Access
- United States National Energy Supply
- Climate Change
- Tax Reform
- Natural Gas Supply Concerns
- Reformation of the Endangered Species Act
- Reformation of the Clean Water Act -- Wetlands Access
- Offshore OCS Access
- Research and Development Needs
- Oil and Gas Workforce Needs in the 21st Century
Tax Reform (PDF)
Issue:
Petroleum exploration and production are extremely capital intensive and the role of taxation is very important to the development of oil and gas resources throughout the world.
Background:
Economies throughout the world are greatly dependent on abundant supplies of petroleum at reasonable cost. Policies, which serve to find and produce petroleum anywhere in the world, in the larger sense, benefit all the peoples of the world.
Taxes of any type, by any authority, imposed on any entity engaged in the activities of petroleum exploration and production, act to impede by some measure the efficacy of those efforts.
Statement:
AAPG is comprised of members of many countries. While recognizing the legitimate right and need of all nations to impose and collect taxes in order to finance governmental operations, AAPG supports policies, which serve to encourage petroleum exploration and development within and outside their boundaries. AAPG also affirms the efforts of all members to establish equitable petroleum tax policies within their respective governments
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