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How Should Shale Gas Extraction Be Taxed?
Author:
Philip Daniel null

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Alan Krupnick null

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Ms. Thornton Matheson
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Mr. Peter J. Mullins
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Ian W.H. Parry null

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Artur Swistak null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2017: Issue 254
Language:
English
Publication Date:
16 Nov 2017
DOI:
https://doi.org/10.5089/9781484328491.001
ISBN:
9781484328491
ISSN:
1018-5941
Pages:
39
Keywords:
WP; government; price; shale gas; air pollution; environmental risks; corrective taxes; liability; fiscal regime design; simulated projects; marginal effective tax rates; State common law; gas price; government share; fiscal regime; water quality; pre-existing gas pipeline infrastructure; supply curve; processing facility; regime design; Fuel prices; Natural gas sector; Oil prices; Oil; North America; Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper suggests that the environmental and commercial features of shale gas extraction do not warrant a significantly different fiscal regime than recommended for conventional gas. Fiscal policies may have a role in addressing some environmental risks (e.g., greenhouse gases, scarce water, local air pollution) though in some cases their net benefits may be modest. Simulation analyses suggest, moreover, that special fiscal regimes are generally less important than other factors in determining shale gas investments (hence there appears little need for them), yet they forego significant revenues.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund