The developed world is turning a blind eye on matters of tax fairness in the process of exploitation of Guyana’s petroleum oil resources. Under the current oil contract that a Guyana Minister was ‘told to sign’, Guyana gets an effective zero per-cent of profits tax after the Minister pays the contractors’ share of profit tax….
https://www.oggn.org/wp-content/uploads/2022/02/OGGN-2022-Winter-Magazine.pdf You can also view as a flip book, see link below. The full screen for the magazine is at the bottom right when you scroll your mouse there. The zoom for the magazine is also at the bottom right. https://www.flipsnack.com/77957A99E8C/oggn-2022-winter-newsletter.html
This clip is part of a longer presentation from Moray House Trust that can be found at this link: https://www.youtube.com/watch?v=coCJ8FVRUuk
The Exxon Head, Mr. Darren Woods, is listed as a presenter at the February 10, 2022 Energy Conference. Mr. Woods is probably coming to Guyana, and is likely to get a very warm welcome from the Oil Renegotiation Movement. Exxon is a partner in development in an unequal, unfair relationship. What we want Mr. Woods…
As Mr. Glenn Lall of Kaieteur News and the other independent paper, the Stabroek News, feature stories on the bad deals we have with our oil and gas contracts, more and more people are understanding that both the PNC and PPP have sold out our oil, leaving us with “larwah” compared to what Exxon and…
You are warmly invited to join the first Moray House Trust panel discussion of 2022: Title: The Natural Resource Fund Act Speakers: Tarron Khemraj, Mike McCormack, Christopher Ram Moderator: Alissa Trotz Date: Saturday 29th January 2022 Time: 5.00 PM Guyana — …
In a press release this past Saturday, the government admitted that the Stabroek Block contract is lopsided. The Department of Public Information article further states, “…with the passage of the local content legislation, Vice President, Dr. Bharrat Jagdeo, said the law now recoups the benefits lost from the Exxon deal.” It is astounding that the…
Last week’s column (‘Macroeconomic issues relating to the NRF’) made the point that there are many similarities between the Act of 2019 and 2021, but it is the withdrawal rule which separates the two Acts in a major way. The withdrawal rule is very important and it needs to be transparent so that Guyanese can…
As the Government prepares to gobble up the entire NRF fund, let’s make sure we engage in a massive infrastructural program. At least, we will have something to show for our money. This “Road Revolution” as the Government calls it, will be a “tipping point” for Guyana and is transformational. When I lived in the…
