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Calculation of Tax Savings From Oil Extraction Tax Rate Reduction and Repeal of Triggered Incentives
Calculation of Tax Savings From Oil Extraction Tax Rate Reduction and Repeal of Triggered Incentives
Calculation of Tax Savings From Oil Extraction Tax Rate Reduction and Repeal of Triggered Incentives
$ 4,990,753,387 $ 1,249,007,421
Calculated "loss" due to rate reduction, during months incentives would have been triggered off: $ (239,403,555)
Net Tax savings from trigger repeal less rate reduction combined: $ 1,009,603,867
12345 Shows five month period actual price exceeded trigger price after which incentives would have triggered off, and tax would have returned to 11.5%
Calculates the impact of the rate reduction from 11.5% to 10%