Revenue Tax Recalculation of Production and Incremental Oil

There is a formula for every revenue, be it personal income tax, corporate income tax, gasoline revenues, property tax, et cetera.

J. whereas South Sudan is highly reliant on oil production, which accounts for approximately 88% of national revenue, and is currently entirely dependent on the Republic of Sudan for its export; whereas this overreliance puts the country's economy at risk, but is also used to exert pressure on the new country, and is causing further tensions and even conflict, particularly with Sudan and between ethnic groups, as has been the case over the past two years; whereas South Sudan has concluded agreements with neighbouring Kenya, Ethiopia and Djibouti to explore the possibility of two new pipelines linking its oil fields to the Gulf of Aden ...[+++] and the Indian Ocean;

83. Reiterates that CSR should be applicable to all enterprises so as to create a fair and level playing field; however, points out that the way in which extractive industries operate in developing countries requires a move beyond a voluntary approach; stresses that investment by the petroleum industry in Nigeria is a good example of the limitations of CSR as currently implemented, where companies have failed to take CSR initiatives to create sustainable business practices or contribute to the development of their host states; strongly supports the legislative proposal for country-by-country reporting founded on the standards of the Extractive Industries Transparency Initiative (EITI) and reporting on sales and profits, as well as ...[+++]taxes and revenues, in order to discourage corruption and prevent tax avoidance; calls on the European extractive industries operating in developing countries to set an example of social responsibility and the promotion of decent work;

13. Reiterates that CSR should be applicable to all enterprises so as to create a fair and equal playing field; however, points out that the way in which extractive industries operate in developing countries requires a move beyond a voluntary approach; stresses that investment by the petroleum industry in Nigeria is a good example of the limitations of CSR as currently implemented, where companies have failed to take CSR initiatives to create sustainable business practices, or contribute to the development of their host states; strongly supports the legislative proposal for country-by-country reporting founded on the standards of the Extractive Industries Transparency Initiative (EITI), reporting on sales and profits, as well as ...[+++]taxes and revenues, in order to discourage corruption and prevent tax avoidance; calls on European extractive industries operating in developing countries to set an example of social responsibility and the promotion of decent work;