IEITI Tax Roundtable


On 15 October 2017, ITIC joined with the Iraq Extractive Industries Transparency Initiative (IEITI) to organize a roundtable on taxation at the Oil Cultural Centre in Baghdad.

The meeting, co-chaired by Mr. Alaa Mohedain (Secretary General of IEITI) and Dr. Azez Jafar Hassan (ITIC Senior Advisor), included participation by Dr. Sabah Shibeeb (Advisor to the Ministry of Oil); representatives from PCLD, Economic Department, and Research Department; Ms. Najiha Abases (Director General of the General Commission for Taxes); Directors General of the National Oil Companies; IEITI members, and ITIC working group members. Continue reading “IEITI Tax Roundtable”

ITIC Comments on Transfer Pricing in the Oil and Gas Industry


ITIC’s Oil and Gas Taxation and Regulatory Dialogue recently submitted comments on The Platform for Collaboration on Tax’s “Discussion Draft: A Toolkit for Addressing Difficulties in Accessing Comparables Data for Transfer Pricing Analysis.” The toolkit “is designed to assist developing countries in navigating an important area of international tax policy: transfer pricing [… and] specifically addresses the ways developing countries can overcome a lack of data on “comparables,” or the market prices for goods and services transferred between members of multinational corporations.”

Continue reading “ITIC Comments on Transfer Pricing in the Oil and Gas Industry”

ITIC Oil & Gas Dialogue Meets in Washington

ITIC’s Oil & Gas Taxation and Regulatory Dialogue held a series of meetings this week in Washington with organizations active in natural resource taxation issues in developing countries to foster understanding and promote balanced, fact-based discussion among government, academics, business, and international organizations. The group of international oil and gas companies also held internal meetings to review its priorities for 2017.   Continue reading “ITIC Oil & Gas Dialogue Meets in Washington”

ITIC Advisor Speaks at 11th International Energy Conference

ITIC Program Advisor Carole Nakhle participated as a keynote speaker at the 11th International Energy Conference in Tehran, Iran, on 30-31 May.

Her talk preceded a panel discussion that included the following Iranian officials (among others from the private sector): Dr. Amirhosseein Zamani Nia, Deputy Oil Minister; Mr. Mohsen Khojaste Mehr, Ministry of Petroleum; and Mr. Mehdi Husseini, Head of the Oil Contracts Committee.

During her presentation, Dr. Nakhle spoke about the simple yet powerful and dynamic equation of risk-reward whereby investors seek to achieve a balance. She explained the impact of the oil price on investment decision and financing, then argued that government policies can compensate for changes in the oil price. For instance, during periods of low oil prices, an increase in investment is noted in countries where governments modified their fiscal terms favorably towards investors.

While in Tehran, Dr. Nakhle also gave an interview to a local TV station, and held meetings with the Director General and his Deputy at the Ministry of Petroleum, the Iranian National Tax Administration, as well as local experts.