IMF Working Papers

Issues in Extractive Resource Taxation: A Review of Research Methods and Models

By James L. Smith

December 6, 2012

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James L. Smith Issues in Extractive Resource Taxation: A Review of Research Methods and Models, (USA: International Monetary Fund, 2012) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper provides a conceptual overview of economists’ attempts to learn about the effects of taxes on extractive resources. The emphasis is on research methods and techniques, with no attempt to provide a comprehensive tabulation of previous empirical results or policy conclusions regarding preferred tax instruments or systems. We argue, in fact, that the nature of such conclusions largely depends on the researcher’s choice of modeling framework. Many alternative frameworks and approaches have been developed in the literature. Our goal is to describe the differences among them and to note their strengths and limitations.

Subject: Commodities, Economic sectors, Marginal effective tax rate, Mining sector, Oil, Oil, gas and mining taxes, Tax policy, Taxes

Keywords: Cash flow, Extractive enterprise, Extractive resources, Firm, Fiscal regimes, Gas and mining taxes, Investment strategy, Marginal effective tax rate, Mining sector, North America, Oil, Production function, Rate of return, Risk-neutral firm, Tax, Tax instrument, Tax neutrality, Tax policy, Tax rate, Tax regime, Tax shield, Taxes gain, WP

Publication Details

  • Pages:

    26

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2012/287

  • Stock No:

    WPIEA2012287

  • ISBN:

    9781475573466

  • ISSN:

    1018-5941

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