Extractive Resources And Taxation

Author : Mr.James L. Smith
Publisher : International Monetary Fund
Page : 26 pages
File Size : 47,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781475592474

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Issues in Extractive Resource Taxation by Mr.James L. Smith Pdf

This paper provides a conceptual overview of economists’ attempts to learn about the effects of taxes on extractive resources. The emphasis is on research methods and techniques, with no attempt to provide a comprehensive tabulation of previous empirical results or policy conclusions regarding preferred tax instruments or systems. We argue, in fact, that the nature of such conclusions largely depends on the researcher’s choice of modeling framework. Many alternative frameworks and approaches have been developed in the literature. Our goal is to describe the differences among them and to note their strengths and limitations.

Author : Jean-François Wen
Publisher : International Monetary Fund
Page : 32 pages
File Size : 46,6 Mb
Release : 2018-06-13
Category : Business & Economics
ISBN : 9781484363119

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Progressive Taxation of Extractive Resources as Second-Best Optimal Policy by Jean-François Wen Pdf

The paper provides a critical review of the literature on the concept of progressivity in the taxation of petroleum and mineral resources and offers a fresh perspective on its purpose and measurement. Regressive taxes, such as royalties, exist to satisfy policy objectives other than revenue maximization, such as achieving early revenues, while rent-based or profit-sensitive fiscal instruments must be designed with progressive marginal rates to maximize government revenues. Hence, the emphasis should be placed on tax rate progression of the direct taxation of profit or rent, rather than progressivity in the overall government take. However, as regressive taxes, by their very nature, tend to be distortionary, the optimal degree of progression in the rent- or profit-tax rates must take these distortions into account. The central ideas are illustrated with a simple analytical model in which a second-best optimal tax rate schedule on profit is characterized in the presence of the tax distortions caused by the regressive taxes. Some practical implications of the analysis are discussed.

Author : Philip Daniel,Michael Keen,Artur Świstak,Victor Thuronyi
Publisher : Taylor & Francis
Page : 364 pages
File Size : 43,9 Mb
Release : 2016-09-23
Category : Business & Economics
ISBN : 9781317330141

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International Taxation and the Extractive Industries by Philip Daniel,Michael Keen,Artur Świstak,Victor Thuronyi Pdf

The taxation of extractive industries exploiting oil, gas, or minerals is usually treated as a sovereign, national policy and administration issue. This book offers a uniquely comprehensive overview of the theory and practice involved in designing policies on the international aspects of fiscal regimes for these industries, with a particular focus on developing and emerging economies. International Taxation and the Extractive Industries addresses key topics that are not frequently covered in the literature, such as the geo-political implications of cross-border pipelines and the legal implications of mining contracts and regional financial obligations. The contributors, all of whom are leading researchers with experience of working with governments and companies on these issues, present an authoritative collection of chapters. The volume reviews international tax rules, covering both developments in the G20-OECD project on ’Base Erosion and Profit Shifting’ and more radical proposals, identifying core challenges in the extractives sector. This book should become a core resource for both scholars and practitioners. It will also appeal to those interested in international tax issues more widely and those who study environmental economics, macroeconomics and development economics.

Author : Mason Gaffney
Publisher : Unknown
Page : 128 pages
File Size : 51,7 Mb
Release : 1967
Category : Natural resources
ISBN : OCLC:844601007

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Extractive Resources and Taxation by Mason Gaffney Pdf

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 82 pages
File Size : 55,9 Mb
Release : 2012-08-16
Category : Business & Economics
ISBN : 9781498340069

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Fiscal Regimes for Extractive Industries—Design and Implementation by International Monetary Fund. Fiscal Affairs Dept. Pdf

Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación

Author : Osmel E. Manzano M.,Fernando Navajas,Andrew Powell
Publisher : Routledge
Page : 240 pages
File Size : 55,7 Mb
Release : 2017-11-15
Category : Business & Economics
ISBN : 9781351618861

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The Economics of Natural Resources in Latin America by Osmel E. Manzano M.,Fernando Navajas,Andrew Powell Pdf

Revenues from commodities are extremely important for Latin America and the Caribbean, yet there is very little literature on the structure of these industries and on the various ways in which the state obtains commodity revenues. This book aims to understand the trade-off between the degree of taxation overall, the profitability of the relevant industry and the amount of investment and subsequent production in the region, as well as the relevance of institutions in the performance of the sector. This volume focuses on economic efficiency: where Latin America stands in terms of the current tax system for the extractive sector; how policies have changed in this regard; and how policies may be improved. The Economics of Natural Resources in Latin America is timely, since this new era of lower and volatile prices and possible reconfiguration of investment flows poses a challenge to natural resource tax systems in the world. The argument of the book will be made by a collection of papers around the issue of tax efficiency in the region and concludes with chapters on institutions and the role of transparency. This book shows that there are varieties of experiences in resource taxation and management of revenues in Latin America that could be used to shape policy interventions in other regions. This variety is not only related to their diverse impact on welfare, but also on the policy challenges faced by the countries in the region. This volume is well suited for those who study and find interest in development economics, political economy and public finance, as well as policy

Author : Ms. Alpa Shah
Publisher : International Monetary Fund
Page : 36 pages
File Size : 40,6 Mb
Release : 2021-10-18
Category : Business & Economics
ISBN : 9781513599663

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Natural Resource Taxation in Mexico: Some Considerations by Ms. Alpa Shah Pdf

Mexico has large extractive industries and it traditionally has raised sizable fiscal revenues from the oil and gas sector. A confluence of factors—elevated commodity prices, financial challenges of the state-owned oil company Pemex, and revenue needs for financing social and public investment spending over the medium term—suggest that a review of Mexico’s taxation regimes for natural resources would be opportune, against the backdrop of a comprehensive approach to tackling Mexico’s challenges. This paper identifies opportunities for redesigning mining taxation to increase somewhat the revenue intake while maintaining the favorable investment profile of the sector. It also discusses recent reforms to the oil and gas fiscal regime and future reform considerations, with attention to the attractiveness of investment on commercial terms—an issue that should be placed in the context of an overall reform of Pemex’s business strategy and possibly of the energy sector more generally.

Author : Mason Gaffney
Publisher : Unknown
Page : 480 pages
File Size : 40,9 Mb
Release : 1967
Category : Business & Economics
ISBN : UCSC:32106000847092

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Extractive Resources and Taxation: Proceedings by Mason Gaffney Pdf

Author : Mr.Jack Calder
Publisher : International Monetary Fund
Page : 120 pages
File Size : 55,5 Mb
Release : 2014-07-18
Category : Nature
ISBN : 9781475575170

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Administering Fiscal Regimes for Extractive Industries by Mr.Jack Calder Pdf

This handbook is one of the first of its kind to focus attention on effectively administering revenues from extractive industries. It provides policymakers and officials in developing and emerging market economies with practical guidelines to establish a robust legal framework, organization, and procedures for administering revenue from these industries. It discusses transparency and how to promote it in the face of increasing demands for clarity and how developing countries can strengthen their managerial and technical capacity to administer these revenues.

Author : Mr.Jack Calder
Publisher : International Monetary Fund
Page : 120 pages
File Size : 53,9 Mb
Release : 2014-07-18
Category : Nature
ISBN : 9781484386088

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Administering Fiscal Regimes for Extractive Industries by Mr.Jack Calder Pdf

This handbook is one of the first of its kind to focus attention on effectively administering revenues from extractive industries. It provides policymakers and officials in developing and emerging market economies with practical guidelines to establish a robust legal framework, organization, and procedures for administering revenue from these industries. It discusses transparency and how to promote it in the face of increasing demands for clarity and how developing countries can strengthen their managerial and technical capacity to administer these revenues.

Author : Philip Daniel,Michael Keen,Artur Świstak,Victor Thuronyi
Publisher : Routledge
Page : 382 pages
File Size : 55,8 Mb
Release : 2016-09-23
Category : Business & Economics
ISBN : 9781317330134

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International Taxation and the Extractive Industries by Philip Daniel,Michael Keen,Artur Świstak,Victor Thuronyi Pdf

The taxation of extractive industries exploiting oil, gas, or minerals is usually treated as a sovereign, national policy and administration issue. This book offers a uniquely comprehensive overview of the theory and practice involved in designing policies on the international aspects of fiscal regimes for these industries, with a particular focus on developing and emerging economies. International Taxation and the Extractive Industries addresses key topics that are not frequently covered in the literature, such as the geo-political implications of cross-border pipelines and the legal implications of mining contracts and regional financial obligations. The contributors, all of whom are leading researchers with experience of working with governments and companies on these issues, present an authoritative collection of chapters. The volume reviews international tax rules, covering both developments in the G20-OECD project on ’Base Erosion and Profit Shifting’ and more radical proposals, identifying core challenges in the extractives sector. This book should become a core resource for both scholars and practitioners. It will also appeal to those interested in international tax issues more widely and those who study environmental economics, macroeconomics and development economics.

Author : Robert M. Clatanoff
Publisher : International Association of Assessing Officers
Page : 58 pages
File Size : 50,6 Mb
Release : 1982
Category : Law
ISBN : STANFORD:36105043789911

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Valuation and Property Taxation of Extractive Resources by Robert M. Clatanoff Pdf

Author : Mohammed Amidu
Publisher : Springer Nature
Page : 492 pages
File Size : 54,9 Mb
Release : 2024-07-03
Category : Electronic
ISBN : 9783031581243

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Taxation and Management of Natural Resources in Africa by Mohammed Amidu Pdf

Author : Daniel Wilde
Publisher : Commonwealth Secretariat
Page : 49 pages
File Size : 46,5 Mb
Release : 2016-10-11
Category : Commonwealth countries
ISBN : 9781849291606

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Key Issues in Natural Resource Taxation and Revenue Management in the Commonwealth by Daniel Wilde Pdf

Public policies in taxation and revenue management are key to ensuring natural resource wealth results in economic development. Tax policy and systems should ensure that whenever natural resources are extracted, the host state receives a fair share of revenue. Revenue management policies are required to ensure that government revenues from natural resources are wisely used to finance sustainable economic development. This Economic Paper analyses key issues in natural resource taxation and revenue management and recommends policies that can improve countries’ economic performance. The discussion draws on economic theory, empirical evidence and the work of the Commonwealth Secretariat.

Author : Department of Economic and Social Affairs
Publisher : United Nations
Page : 490 pages
File Size : 42,9 Mb
Release : 2019-02-24
Category : Political Science
ISBN : 9789210478472

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United Nations Handbook on Selected Issues for Taxation of the Extractive Industries by Developing Countries by Department of Economic and Social Affairs Pdf

The United Nations Handbook on Selected Issues for Taxation of the Extractive Industries by Developing Countries gives guidance to developing countries on key taxation issues during the life-cycle of an investment in the extractive industries, whether it be oil and gas or mining. The Handbook considers the options available to countries in this area, and their likely consequences. It addresses the balance needed to fight tax evasion and avoidance, while still having an attractive investment climate.