Severance taxes on the extraction of oil, gas, and other natural resources have been very popular with politicians because they seem invisible in being spread among a large, diffuse taxpayer base. But do such taxes have serious negative consequences overlooked by legislators?
Severance taxes on the extraction of oil, gas, and other natural resources have been very popular with politicians because they seem invisible in being spread among a large, diffuse taxpayer base. But do such taxes have serious negative consequences overlooked by legislators?