Research On Development Compensation Taxes Of Different Stages Of Oil Exploitation

In recent years, reform of oil and gas resource tax is the focus of society. But changing the way of tax assessment is focused more than the problem of resource development compensation in the reform process. The rapid development of China’s economy is based on the cost of excessive consumption of resources, which results in a serious shortage of oil and gas resources. The remaining recoverable oil is less than 20 years at currant exploit speed. Huge resource depletion and destruction of the ecology and environment forced us to confront the of situation of resources shortages and ecological and environmental problem because of the lack of effective resource depletion compensation mechanism.In this context, theories of development compensation are summarized. New oil exploitation stages are divided by the remaining recoverable reserves for compensating the shortage of the division of oil exploitation stages. And problems of development compensation of oil resources are summarized. By drawing on foreign experience for formulating development compensation taxes of petroleum resources and taking into account the different stages of the exploitation of oil and gas resources, tax rates of oil and gas exploration in the early, mid and late stages are proposed to reach maximize social welfare:(2%~3%),(5%~8%) and(10%~15%). Framework of development compensation taxes of petroleum resources are proposed based on dynamic rate: ① Incorporated the mineral resources compensation into the development compensation taxes and aime at compensating the developmental cost; ②Establish a sound resource depletion allowance and ecological compensation mechanism, and integrate them into the resource tax system; ③Static rate is replaced by dynamic resource tax; ④Design on taxation and tax assessment; ⑤Allow local governments to develop appropriate development compensation taxes policies of petroleum resource based on the characteristics of the region.