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Middle East and Central Asia > Jordan

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Efficiency; Optimal Taxation x
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Cover Technical Notes and Manuals
Automatic Fuel Pricing Mechanisms with Price Smoothing: Design, Implementation, and Fiscal Implications
Mr. David Coady
,
Mr. Javier Arze del Granado
,
Luc Eyraud
, and
Ms. Anita Tuladhar
Many developing and emerging countries do not fully pass-through increases in international fuel prices to domestic retail prices, with adverse consequences for fuel tax revenues and tax volatility. The adoption of an automatic fuel pricing mechanism can help to address this problem, and the incorporation of a price smoothing mechanism can ensure pass-through over the medium term but also avoid sharp increases (and decreases) in domestic prices. This technical note addresses the following issues: (i) the design of an automatic fuel pricing mechanism; (ii) the incorporation of domestic price smoothing and resulting tradeoffs; (iii) the transition from ad hoc pricing adjustments to an automatic mechanism; and (iv) policies to support this transition and the maintenance of an automatic mechanism. A standardized template for simulating and evaluating the implications of alternative pricing mechanisms for price and fiscal volatility is available on request.
Keywords:
TNM; price; fuel price; price band; increase well; Petroleum products; price smoothing; fuel taxes; price series; price change; price structure; Inflation; Price adjustments; Fuel prices; Price structures; Fuel tax
Cover IMF Working Papers
Trade Liberalization and Tax Reform in the Southern Mediterranean Region
Mr. George T. Abed
The European Union’s Association Agreements with several countries in the Southern Mediterranean Region (SMR) aim to promote deeper economic integration between the SMR and the EU by establishing a free trade area in twelve years. Because a large share of the SMR countries’ total imports comes from the EU, the removal of import tariffs could reduce budgetary revenue by the equivalent of 1 percent to 4 percent of individual countries’ GDP. This paper proposes tax and tariff reforms that would help generate the needed compensatory revenue and, more important in the long run, reduce the distortionary effects of the tax and tariff systems and underpin higher rates of sustainable growth.
Keywords:
WP; tax; country; tariff; SMR; SMR country; Trade Liberalization; Tariff Reform; Tax Reform; tax receipt; trade tax; personal income; EU imports; import duty; tariff liberalization; reforming country; tariff revenue; SMR revenue structure; tariff system; Tariffs; Imports; Taxes on trade; Consumption taxes; Middle East; Western Hemisphere; Global