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Blog 2 - Essay Example

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Graph two indicates that OECD countries gained more revenues from oil taxes than the OPEC members which gained fewer revenues from exporting oil. It also…
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Blog 2
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Download file to see previous pages This increased its prices in the market.
There was misconception about the issues of who gets what from oil revenues because many thought that money that the drivers pay to fill their tanks goes directly to the oil producing countries. In addition, people thought that the governments do not tax oil in the country because it is an important driver of economic growth. They thought that taxing oil will increase the living standards in the country. However, the government looks at the issue in a different ...Download file to see next pagesRead More
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