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Publication Details

Minerals Taxation Regimes: A review of issues and challenges in their design and application  

Size: unspecified
ISSN:
Categories: Economic Development, Tax Policy

ISBN No: 978-0-9559983-1-7

Format: Paperback

Publication Date: 02-2009
Number of Pages: 80

Status: In stock

Price: £ 0.00    [Currency converter]  


Description

This study, prepared by the International Council on Mining and Metals (ICMM) and co-published by the Commonwealth Secretariat, reviews current and past thinking on mining taxation. In particular, it examines the ways in which different sources of mining revenue can have implications for socio-economic development. In order to assist governments to design and implement transparent frameworks for mining taxation, the study provides an overview of different fiscal systems applied to the extractive industries (oil, gas and mining) including various tax and non-tax instruments, and discusses the arguments for and against taxing the mining sector differently to other economic activities.

Contents

Preface

 

Notes from Resource Endowment initiative partner organizations

 

Minerals taxation advisory group commentaries

 

Abbreviations

 

Executive summary

 

Chapter 1: Introduction

 

Chapter 2: Mining taxation literature

2.1 Taxing the ‘resource rent’

2.2 Enhancing international competitiveness

2.3 Gaps in the literature

 

Chapter 3: Regime types and taxation instruments

3.1 Fiscal regime types

3.1.1 Royalty/tax concessions and contractual-based fiscal regimes

3.1.2 The experience with mineral agreements

3.2 Tax instruments

3.2.1 Special tax regimes

3.2.2 Classifications of tax instruments

3.2.3 Issues of tax administration

3.2.4 Trends in the use of tax instruments

3.2.5 Quasi-taxes

3.2.6 Tax incentives and disincentives

 

Chapter 4: Collection and distribution of mining taxes at the sub-national level

4.1 General literature

4.1.1 Fiscal decentralization

4.1.2 Revenue sharing

4.2 Country case studies

4.2.1 No redistribution: Chile and Tanzania

4.2.2 Revenue sharing: Indonesia, Peru and Ghana: resource transfers to the sub-national level

4.2.3 Fiscal decentralization of mining revenues: Canada and Australia

4.2.4 Direct contributions to communities: Papua New Guinea

4.3 Summary

 

Chapter 5: Company perspectives

5.1 Stability and political risks

5.2 Simplicity and consistency

5.3 Tax administration

5.4 Transparency

5.5 Capacity to spend mineral tax revenues effectively

5.6 Accounting conventions

 

Chapter 6: Observations

6.1 The level of taxation

6.2 The mix of fiscal instruments

6.3 Special tax regimes for mining?

6.4 Improving the benefits to local communities

6.5 Encouraging transparency

 

References

 

Annex A Written comments on draft report

 

Acknowledgements

Download this publication for free from the ICMM website