Author : Mrs.Poonam Gupta,Mr.Walter Mahler
Publisher : International Monetary Fund
Page : 58 pages
File Size : 52,8 Mb
Release : 1994-03-01
Category : Business & Economics
ISBN : 9781451979756
Taxation of Petroleum Products by Mrs.Poonam Gupta,Mr.Walter Mahler Pdf
The domestic taxation of petroleum products is an important source of revenue in most countries. However, there is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone. This paper surveys different considerations advanced for taxing petroleum and presents petroleum tax rate data in 120 countries. It concludes that a significant reduction in the present extremely wide variation in petroleum prices and tax rates appears warranted.