2 Theoretical perspectives on resource tax design
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
19 Apr 2010
Keywords:
cost of capital; present value; proportional tax; expected return; opportunity cost; Discount rates; Rent tax

Abstract

Natural resources are a large part of the wealth of many countries, and the way in which their potential contribution to government revenues is managed can have a powerful impact – for good or ill – on their prosperity and economic development. The challenges to good tax design, however, are formidable, both in the technicalities of dealing with the distinctive features of resource activities and in coping with the interplay between the interests of powerful stakeholders.

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Cover The Taxation of Petroleum and Minerals
The Taxation of Petroleum and Minerals
Principles, Problems and Practice
ISBN:
9780415781381
Publication Date:
19 Apr 2010
Publisher:
Routledge
DOI:
https://doi.org/10.5089/9780415781381.071
Pages:
471