Narrow Your Choices

Refine By Type

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 1 of 1 items for :

  • Public Economics x
  • Tax incentives x
  • Agribusiness x
  • Exports and Imports x
  • Forests and forestry; Taxation x
  • Natural resources x
  • Environment Sciences x
  • Renewable Resources and Conservation: Forestry x
  • Cross-cutting issues x
  • Trade Policy; International Trade Organizations x
  • Finance and accounting x
  • Agricultural Markets and Marketing; Cooperatives; Agribusiness x
Clear All
Cover IMF Working Papers
Forestry Taxation in Africa: The Case of Liberia
Mr. Saji Thomas and Mr. Arnim Schwidrowski
Countries generally tax the forestry sector to achieve the twin objectives of revenue maximization and sustainability of logging levels. In an ideal world of perfect markets and information, auctions would be the best instrument to determine the price of extraction rights. However, a number of factors-including a lack of information on the forest resources under consideration, uncertainties as to the stability of property rights over time, and a lack of access to credit-have limited the use of auctions so far, particularly in low-income countries. To establish transparency of the forestry sector's financial flows, this paper discusses a radical simplification of Liberia's current timber tax structure, including a proposal to reduce the sector's current tax system to two instruments, an area tax and an export tax.
Keywords:
WP; revenue; firm; government; fee; sc; forestry; taxation; Africa; Liberia; government auctions concession; timber company; revenue collection; processing firm; area tax; forestry sector; forest contract; tax arrangement; timber sector; timber taxation; timber tax structure; timber activity; Agroindustries; Natural resources; Tariffs; Exports; Forestry tax; Global; West Africa