Ram and McRae 2024 budget review
This document is posted with permission from Ram & McRae. The opinions in this document do no necessarily reflect the views of OGGN.
2024
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Venezuela achieved all that they set out for in their 2021 Acuerdo and the Joint Declaration of Argyle
In his letter published in Stabroek News on 13 January 2024, Mr. Nascimento re-stated my position. In his words, ‘it is only Venezuela which is the aggressor and, by its Referendum, threatens the use of force’. Why, then, would Guyana have felt pressured ‘with equivalence’ [Nascimento’s words] to let stand Point 1 of the Joint…
The NRF is indeed overstated
The Oil & Gas Governance Network (OGGN) Guyana notes that Stabroek News on January 13, 2024 carried a letter by Mr Dhanraj Deonarine with the title “Is the NRF really overstated?” The letter suggests that the claim by Mr. Ram that the Natural Resource Fund (NRF), Guyana’s Sovereign Wealth Fund, is overstated “is not such…
If GRA issued tax receipts to oil companies it must show it received the monies stated on those receipts
Thanks to Dhanraj for taking the time and effort to indulge in this debate. More Guyanese should get involved. (Ref – Dhanraj Deonarine’s letter, “Is the NRF really overstated?”, SN Jan. 13th). Here is the larger question on the subject: How can Oil Companies prepare their tax returns, submit them to GoG – and say…
Financial Statements of Exxon Allude to Tax Fraud in Guyana
The Laws of Guyana Corporation Tax Act imposes a 40% corporation tax on chargeable profits for commercial companies and 25% for non-commercial companies. The law defines commercial activity as “an activity carried out by a company trading in goods not manufactured by it” and non-commercial activity would be anything not covered in this definition. One…
Mr Nandlall’s response suggests he has found magic formula to overcome concerns about 2016 PSA
Mr. Anil Nandlall S.C. Attorney General and principal legal adviser to the Government has written rather disparagingly about comments I made in my last Friday‘s Stabroek News oil and gas column. Without naming me or addressing any of the extensive data, sources and arguments I used in arriving at my findings, he claims that my…
The Myth of the equal share – Part 1
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 119 – January 09, 2024 Introduction On the occasion of the first column for 2024, I extend best wishes to readers for an informed and productive year and realisation of the hope of a fairer contract. Readers will recall the promise made in…
Natural Resource Fund Inflows under Article 14.1 of the 2016 P.A and Section 15 of the NRF Act
Originally Published At: https://www.chrisram.net/?p=2421