From Alaska to Washington DC and from Alberta to Newfoundland, fiscal terms for oil are under review. Legislators are keen to maximise the state / province's share of revenue but don't want to deter investors. They want their terms to be 'fair' and 'competitive' but, as we explain, comparing fiscal systems in North America is a particularly complicated undertaking.
Table of contents
Recent trends in state and province revenue from oil production
Fiscal responses and current debates
Resource ownership in North America
The main focus of debates: royalty and severance taxes