COMPARISON OF THE TAXATION MODELS OF KAZAKHSTAN AND RUSSIA, WITH REFERENCE TO THE ECONOMIC EVALUATION OF THE MUSYURSHORSKY FIELD
The basic principles of an economic evaluation, as well as models of the taxation in oil-and-gas investment projects of Kazakhstan and Russia, are considered. Characteristic of the given technique is that it is suitable both for newly entered fields, and for the fields which are already in operation. It is noted that the tax model of Kazakhstan flexibly distributes financial flows, thanks to tax “maneuver” on the basis of sliding scales application to the tax levying in recovery, and to the excess profit tax. It is shown that the development of the Musyurshorsky field according to the Russian scheme is unprofitable, yet becomes cost-efficient due to flexible distribution of investment flows in case of the Kazakhstan tax scheme. The fact that the Kazakhstan model may be recommended, as an alternative, for an economic evaluation of Russia fields is of importance.