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the system of subsidisation through prices. Solutions to the problems necessarily have to address both tax and subsidy … product vary for different consumers besides. They also vary across products. These tax /subsidy variations are the root cause …
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"With this book, Bob Vitalis tackles the geopolitical "truths" about oil: that US presence in the Gulf and our relationship with Saudi Arabia is necessary to stabilize an otherwise volatile market; that US oil independence is necessary to prevent foreign powers from controlling and limiting...
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Tax incentives are preferential tax treatments provided to selected groups of taxpayers and usually result in those taxpayers paying less tax or paying later than they otherwise would. Tax incentives for the petroleum sector are questioned to ascertain whether they are economically beneficial...
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