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Sheshinski Committee Proposes Changes In Israel's Fiscal Regime: A Move To Balance Both Government's And Investors' Profits
GlobalData, Jan 2011, Pages: 8
Sheshinski Committee Proposes Changes In Israel’s Fiscal Regime: A Move To Balance Both Government’s And Investors’ Profits
Summary
Sheshinski committee in Israel has recommended changes in the fiscal regime, focusing on the balanced approach to ensure gains for both, the government and oil and gas investors. The recommended changes would increase the government’s take with increased profitability for the contractor. As the changes would increase the government’s take, companies have raised concerns. Discoveries such as Tamar and Leviathan provide a promising potential. Israel is expected to become a net exporter of gas from a net importer currently, once the fields start production. Israel would, however, have to deal with infrastructural challenges and sort out its maritime boundaries with its neighbors. Although the recommended regime suggests an increase in taxes, investors would still find the option to explore and produce in Israel attractive as its government take is still competitive compared to other East-African countries majorly involved in exploration.
Scope
- Analyses the impact of recommended changes in fiscal regime of Israel by Sheshinski committee,
- Estimates the impact of change on government take,
- Analyses impact on important gas fields - Tamar, Leviathan,
- Analyses Israel's government take compared to some East-African countries, Leviathan,
- Discusses the gas potential of Israel, and Challenges for the companies
Reasons to buy
- Understand the implication of recommended changes in fiscal regime of Israel,
- Understand challenges faced by companies and their concerns,
- Understand Israel's ranking with East-African countries in terms of government take
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