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AAPG HomeGeoDCCongressional Testimonies |
AAPG Statements on:
Position Statement: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 Legislation under consideration in 110th Congress.This list does not itemize each bill introduced, but rather bills that have been passed by Congressional Committees and/or the House of Representatives or Senate. It is important to note that these legislative efforts may be combined and renamed, and many will never be enacted into law, but they do provide a sense for where Congress is focusing its efforts. These links will be updated regularly by GEO-DC. H.R. 6: CLEAN Energy Act of 2007
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