Dear Editor, Guyana’s profits taxes that are required under the 2016 Stabroek Contract should count as tax revenues. Here are the relevant points from the contract: ● Tax is required to be calculated for the contractor, Article 15.2. ● Tax is required to be paid by the Minister of Natural Resources on behalf of the…
A month ago, a letter writer in the Guyana Chronicle made false claims upon which he accused me and other members of civil society of being treasonous and betraying the country. I enclose the link to that letter (see below writer’s name), which was also published in the Guyana Times. I wrote a response, which…
When Guyana’s oil contract was signed in 2016 world market prices per barrel averaged $65. All indications today are that future prices (next 5 -10 years) may average $110. The portion of higher average price ($110 minus $65 = $45) can be called the Russia-Ukraine war premium. Who gets to keep most of the $45…
