When the Hunters Learn to Shoot Without Missing, the Birds Learn to Fly Without Perching: protecting source taxation in Uganda's upstream oil sector from artificial profit shifting

Autor: Ocen, Brian Collins
Rok vydání: 2021
Předmět:
DOI: 10.5281/zenodo.8090634
Popis: This paper examines the phenomenon of artificial profit shifting as a component of illicit financial flows. Uganda’s upstream oil sector involves a rent sharing regime with the non-resident international oil companies. The involvement of international oil companies creates taxing rights for host governments. Unfortunately, these rights can be susceptible to artificial profit shifting - an aggressive strategy of tax avoidance which contravenes applicable anti-abuse tax laws and therefore falls within the prescriptive envelope of illegality. This paper discusses the unique opportunity for the application of anti-abuse tax laws and the need for judicial cooperation in doing so, as a tool against artificial profit shifting; whose negative impact on the tax-to-GDP ratio continues to undermine Uganda’s efforts in domestic resource mobilisation to alleviate poverty
Second Prize in the Seventh Annual Amartya Sen Essay Prize Competition.
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