Series: IMF Working Papers
Author(s): James Smith
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 November 2012
Keywords: petroleum exploration, distortions, fiscal regimes, fiscal regime, tax rates, marginal tax rates, Business Taxes and Subsidies, Mining, Extraction, and Refining: Hydrocarbon Fuels
We present a simple model of petroleum exploration and development that can be applied to study the performance of alternative tax systems and identify potential distortions. Although the model is a highly simplifi...