Mar Rubio (Universidad de Navarra)
Taxes has been always at the core of the policy-making regarding oil. For governments, taxes have historically been the way of getting the "just" share of the oil profit for the nation. Royalties, surface taxes, exploitation taxes, exploration rights and concessions are the means by which oil is transformed into revenue for the State. In contrast, the companies mostly saw taxes as part of the costs of production. By revising the evolution of oil taxation in each country, this paper aims at comparing the different fiscal regimes of Mexico and Venezuela over the 20th century and analyze some of the implications of the different fiscal designs.
