When the Hunters Learn to Shoot Without Missing, the Birds Learn to Fly Without Perching: protecting source taxation in Uganda’s upstream oil sector from artificial profit shifting

Authors

  • Brian Collins Ocen

Abstract

This paper examines the phenomenon of artificial profit shifting as a component of illicit financial flows. Uganda’s upstream oil sector involves a rent sharing regime with the non-resident international oil companies. The involvement of international oil companies creates taxing rights for host governments. Unfortunately, these rights can be susceptible to artificial profit shifting - an aggressive strategy of tax avoidance which contravenes applicable anti-abuse tax laws and therefore falls within the prescriptive envelope of illegality. This paper discusses the unique opportunity for the application of anti-abuse tax laws and the need for judicial cooperation in doing so, as a tool against artificial profit shifting; whose negative impact on the tax-to-GDP ratio continues to undermine Uganda’s efforts in domestic resource mobilisation to alleviate poverty.

Downloads

Published

2021-07-01

How to Cite

Ocen, B. C. . (2021). When the Hunters Learn to Shoot Without Missing, the Birds Learn to Fly Without Perching: protecting source taxation in Uganda’s upstream oil sector from artificial profit shifting. Academics Stand Against Poverty, 1(1), 74–85. Retrieved from https://journalasap.org/index.php/asap/article/view/6

Issue

Section

Submisions