The Implications of Tax Maneuver: Production of Oil and Petrochemicals

Russian Economic Developments. Moscow, 2016, No. 12, pp. 28-32

5 Pages Posted: 23 Dec 2016

See all articles by Andrey Kaukin

Andrey Kaukin

Gaidar Institute for Economic Policy

Alexander Knobel

Gaidar Institute for Economic Policy; Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies

Alexander Firanchuk

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - International Laboratory of International Economics Studies

Date Written: December 23, 2016

Abstract

A tax maneuver in the oil and oil refining industries contributed to some changes in the pattern of production of petrochemicals: the total volume of oil refining decreased, while the volume of production of motor gasoline increased somewhat. It is to be noted that the tax maneuver had an effect on the pattern of exports of petrochemicals, too: with duties increased on residual oil its exports fell dramatically, while with export duties reduced on commercial gasoline, directly distilled gasoline and light and medium distillates their exports increased. Reduction of export duties on diesel fuel brought about growth in its share in the total exports of petrochemicals.

Keywords: Russian economy, oil taxation, tax maneuver

JEL Classification: P24, E52

Suggested Citation

Kaukin, Andrey and Knobel, Alexander and Firanchuk, Alexander, The Implications of Tax Maneuver: Production of Oil and Petrochemicals (December 23, 2016). Russian Economic Developments. Moscow, 2016, No. 12, pp. 28-32, Available at SSRN: https://ssrn.com/abstract=2889452 or http://dx.doi.org/10.2139/ssrn.2889452

Andrey Kaukin

Gaidar Institute for Economic Policy ( email )

Moscow, 125993
Russia

Alexander Knobel (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies ( email )

Vernadsky Ave. 82
Moscow, 119571
Russia

Alexander Firanchuk

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - International Laboratory of International Economics Studies ( email )

Moscow
Russia

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