Balancing Political risks of Investing in local communities with fiscal solutions
Article from: OGEL 2 (2005), in Taxation
Summary
Oil Companies investing in Oil Producing Communities have been faced with challenges of meeting the demands of developing the communities. This is due to the fact that government of some countries have abdicated their duty of developing the communities to these companies in the name of corporate social responsibility. This paper founds that mismanagement of huge oil revenues and corruption to be the cause of non-development of these communities. Unfortunately, the heat has been solely misdirected on the companies, as the communities disrupt the operations of the companies. ...