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Tag Archives: Brian O’Cathain
Corrib will pay little or no tax: who is to blame?
If an oil company takes longer than expected to complete an oil or gas extraction project and, as a result of those delays, ends up paying no revenue to the state from whose territory for oil or gas extracted, most … Continue reading
Last night’s Frontline and the tax take from Corrib
By William Hederman. On RTÉ’s Frontline last night, I raised the question of the very low projected tax take from the Corrib Gas project. This issue is sometimes misunderstood. An example comes in this comment sent to me today by one of the … Continue reading
Submission to Oireachtas Committee reviewing oil and gas exploration licensing
Last month (December 2011) I was invited to make a written submission to the Joint Oireachtas Committee on Communications, Natural Resources and Agriculture, which is reviewing Ireland’s licensing terms for oil and gas exploration. My submission is below.
Posted in Gas prices, Media coverage, Security of supply, State 'take'
Tagged Brian O'Cathain, Corrib gas project, DCENR, Irish natural resources, Irish oil and gas giveaway, Joint Committee on Communications, Natural Resources and Agriculture, Pat Rabbitte, Petroleum Affairs Division, Royalties on gas, security of supply, William Hederman
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Ireland’s share of revenue from its gas fields could be as low as 7%, report shows
The tax write-offs under Ireland’s licensing terms for oil and gas are so generous, oil companies could end up paying the exchequer as little as 7% of the revenue from Irish gas fields. This shocking figure is extrapolated from information … Continue reading
