Introduction
I began the discussion on the petroleum metrics and finances of the Buxton Proposal by observing that the only material change to the data previously utilized was the computation of Government Take by the IDB in their Technical Note back in August 2020, entitled ‘Traversing a Slippery Slope: Guyana’s Oil Opportunity.’ That Note concluded Guyana’s government share of total revenue sits at 51%. That is, Government Take or, as it is sometimes termed, the average effective tax rate, AETR. The IDB’s rate falls within the range of the other rates computed prior to First Oil, December 2019
