Domestic Tax Burden Makes It Harder for US Firms to Compete Abroad

摘要

In an increasingly competitive world, US oil firms working abroad rank near the bottom when it comes to gaining access to resources because they are burdened by higher taxes, according to a new study by research firm IHS Cera and consultancy Deloitte. The study, Fiscal Fitness: How Taxes at Home Help Determine Competitiveness Abroad, compares activities outside North America of national oil companies (NOCs), US-based international oil companies (IOCs) and non- US IOCs, looking at production, acreage held and the number of exploration wells drilled between 1972 and 2008.