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The Taxation of Petroleum and Minerals Philip Daniel

The Taxation of Petroleum and Minerals By Philip Daniel

The Taxation of Petroleum and Minerals by Philip Daniel


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Summary

Oil, gas and mineral deposits are a substantial part of the wealth of many countries, not least in developing and emerging market economies. Harnessing some part of that wealth for fiscal purposes is critical for economic development: in few areas of economic life are the returns to good policy so large, or mistakes so costly.

The Taxation of Petroleum and Minerals Summary

The Taxation of Petroleum and Minerals: Principles, Problems and Practice by Philip Daniel

There are few areas of economic policy-making in which the returns to good decisions are so high-and the punishment of bad decisions so cruel-as in the management of natural resource wealth. Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust prosperity; but they have left others riddled with corruption and persistent poverty, with little of lasting value to show for squandered wealth. And amongst the most important of these decisions are those relating to the tax treatment of oil, gas and minerals.

This book will be of interest to Economics postgraduates and researchers working on resource issues, as well as professionals working on taxation of oil, gas and minerals/mining.

About Philip Daniel

Philip Daniel is Deputy Head, Tax Policy Division, in the Fiscal Affairs Department of the International Monetary Fund.

Michael Keen is Assistant Director in the Fiscal Affairs Department of the International Monetary Fund, where he was previously head of the Tax Policy and Tax Coordination divisions.

Charles McPherson is Technical Assistance Adviser in the Fiscal Affairs Department of the International Monetary Fund with particular responsibilities for fiscal and financial policies in resource rich countries.

Table of Contents

Preface 1. Introduction Part 1: Conceptual Overview 2. Theoretical Perspectives on Resource Tax Design 3. Principles of Resource Taxation for Low-Income Countries Part 2: Sectoral Experiences and Issues 4. Petroleum Fiscal Regimes: Evolution and Challenges 5. International Mineral Taxation: Experience and Issues 6. Natural Gas: Experience and Issues Part 3: Special Topics 7. Evaluating Fiscal Regimes for Resource Projects: An Example from Oil Development 8. Resource Rent Taxes: A Re-Appraisal 9. State Participation in the Natural Resources Sectors: Evolution, Issues and Outlook 10. How Best to Auction Natural Resources Part 4: Implementation 11. Resource Tax Administration: The Implications of Alternative Policy Choices 12 Resource Tax Administration: Functions, Procedures and institutions 13. International Tax Issues for the Resources Sector Part 5: Stability and Credibility 14. Contractual Assurances of Fiscal Stability 15. Time Consistency in Petroleum Taxation: Lessons from Norway

Additional information

NPB9780415781381
9780415781381
0415781388
The Taxation of Petroleum and Minerals: Principles, Problems and Practice by Philip Daniel
New
Paperback
Taylor & Francis Ltd
20100415
480
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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