Front Matter

Front Matter

Michael Keen, and Victor Thuronyi
Published Date:
September 2016
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The taxation of extractive industries exploiting oil, gas or minerals is usually treated as a sovereign, national policy and administration issue. This book offers a uniquely comprehensive overview of the theory and practice involved in designing policies on the international aspects of fiscal regimes for these industries, with a particular focus on developing and emerging economies.

International Taxation and the Extractive Industries addresses key topics that are not frequently covered in the literature, such as the geo-political implications of cross-border pipelines and the legal implications of mining contracts and regional financial obligations. The contributors, all of whom are leading researchers with experience of working with governments and companies on these issues, present an authoritative collection of chapters. The volume reviews international tax rules, covering both developments in the G20-OECD (Organisation for Economic Co-operation and Development) project on base erosion and profit shifting and more radical proposals, identifying core challenges in the extractives sector.

This book should become a core resource for both scholars and practitioners. It will also appeal to those interested in international tax issues more widely and those who study environmental economics, macroeconomics and development economics.

Philip Daniel is Honorary Professor at the Centre for Energy, Petroleum and Minerals Law and Policy at the University of Dundee, UK, and Senior Fellow, Natural Resource Governance Institute. He served in the Fiscal Affairs Department of the IMF from 2006 to 2015.

Michael Keen is Deputy Director of the Fiscal Affairs Department of the International Monetary Fund. Before joining the Fund, he was Professor of Economics at the University of Essex, UK.

Artur Świstak is an economist in the Fiscal Affairs Department of the International Monetary Fund, where he works on tax policy issues. Prior to joining the IMF in 2011, he worked for the Polish Ministry of Finance as a chief of tax policy analysis division.

Victor Thuronyi is a graduate of Cambridge University and Harvard Law School. He has practiced tax law, served in the U.S. Treasury Department and taught tax law before joining the International Monetary Fund (1991–2014).

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Edited by Philip Daniel, Michael Keen, Artur Świstak and Victor Thuronyi

International Taxation and the Extractive Industries

Edited by Philip Daniel, Michael Keen, Artur Świstak and Victor Thuronyi

First published 2017

by Routledge

2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN

and by Routledge

711 Third Avenue, New York, NY 10017

Routledge is an imprint of the Taylor & Francis Group, an informa business

© 2017 International Monetary Fund

Nothing contained in this book should be reported as representing the views of the IMF, its Executive Board, or any other entity mentioned herein. The views expressed in this book belong solely to the authors

The right of the editors to be identified as the author of the editorial material, and of the contributors for their individual chapters, has been asserted in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.

All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.

British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

Library of Congress Cataloging-in-Publication Data

Names: Daniel, Philip, editor.

Title: International taxation and the extractive industries : resources without borders / edited by Philip Daniel, Michael Keen, Artur Swistak and Victor Thuronyi.

Description: Abingdon, Oxon ; New York, NY : Routledge, 2017. Identifiers: LCCN 2016018657 | ISBN 9781138999626 (hardback) | ISBN 9781315658131 (ebook)

Subjects: LCSH: Mineral industries. | Natural resources—Taxation. | Taxation—International cooperation.

Classification: LCC HD9506.A2 I636 2017 | DDC 336.2/783382—dc23 LC record available at

ISBN: 978–1-138–99962-6 (hbk)

ISBN: 978–1-315–65813-1 (ebk)

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