THE OIL RENT RETHOUGHT ELEMENTS D’UNE NOUVELLE PERCEPTION D’UN CONCEPT GALVAUDE

Abstract

The issue of sharing oil rent and its orientation has been the most controversial debates, as was the case of land rent during the nineteenth century. In fact, even if-oil countries, namely the OPEC countries, have managed to impose significant tax rate as oil taxes, this is always a situation where they are doubly bad posture. On the one hand, despite the requirements of economic theory which states that rent is due the legitimate landowner, the oil countries are losing colossal amounts of capital back to benefit multinational corporations. On the other hand, the consideration of the rent as long as a tax in itself,  generates malfunctioning in the economy, as long as the state budget receives inputs easily. In any event, all the mechanisms of rent creation, collection, sharing and guidance are redefined.