The unconventional resource boom that hit the United States and Europe had gone relatively unnoticed in Russia until recently.
Russia’s Finance Ministry has supported the Energy Ministry's idea to expand the zero mineral extraction tax (MET) rate to include hard-to-recover oil fields with up to 10% of resource extracted, Deputy Finance Minister Sergei Shatalov told reporters on December 9, Prime
Russian oil companies will escape a blow from future tax hikes after getting a nod from the government to raise fuel prices for motorists, Reuters reported on October 16, citing analysts and officials.
The Australian Tax Office is pursuing unpaid taxes from companies controlled by Asia's richest man, Li Ka-shing, that relate to profits made in the country's power, gas and water industries, Reuters reported on October 2.
Bloomberg reports that Mexico’s government will propose taxing private oil companies that partner with state-owned Petroleos Mexicanos at a similar rate as in Brazil and Colombia, Mexico’s deputy finance minister for revenue said.