Vulnerability Of Tax Revenue In Resource Rich Countries

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Vulnerability of Tax Revenue in Resource-Rich Countries

Author : Christian von Haldenwang
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Vulnerability of Tax Revenue in Resource-Rich Countries by : Christian von Haldenwang

Download or read book Vulnerability of Tax Revenue in Resource-Rich Countries written by Christian von Haldenwang and published by . This book was released on 2015 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom has it that natural resource dependence is associated with increased vulnerability to external shocks emanating from sudden supply and demand changes in the global economy. This paper explores to what extent government revenue in low- and middle-income countries is affected by different kinds of shocks and whether these effects are different for resource-rich as compared to non-resource-rich countries. Based on data from 176 countries between 1980-2010, we measure the elasticity of tax revenue in resource-rich countries with respect to two kinds of shocks: exchange rate pressure and terms of trade shocks. We find that government revenue in resource-rich countries is more volatile, but not necessarily more vulnerable, in particular with regard to terms of trade shocks. Poorer resource-rich countries are more vulnerable than their higher-income counterparts. Vulnerability in resource-rich countries has significantly decreased in the 2000s as compared to previous decades. Introducing institutional variables such as political regime type or bureaucratic quality we find that the general institutional characteristics of a country may not always reflect the quality of its management of natural resources. Still, results provide some support to those arguments that stress the relevance of good governance in the context of the so-called “resource curse”

Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries

Author : Ernesto Crivelli
Publisher : International Monetary Fund
ISBN 13 : 1484351487
Total Pages : 29 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries by : Ernesto Crivelli

Download or read book Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries written by Ernesto Crivelli and published by International Monetary Fund. This book was released on 2014-01-14 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a newly constructed revenue dataset of 35 resource-rich countries for the period 1992-2009 to analyze the impact of expanding resource revenues on different types of domestic (non resource) tax revenues. Overall, we find a statistically significant negative relationship between resource revenues and total domestic (non resource) revenues, including for the major tax components. For each additional percentage point of GDP in resource revenues, there is a reduction in domestic (non resource) revenues of about 0.3 percentage points of GDP. We find this primarily occurs through reduced effort on taxes on goods and services—in particular, the VAT— followed by a smaller negative impact on corporate income and trade taxes.

Key Issues in Natural Resource Taxation and Revenue Management in the Commonwealth

Author : Daniel Wilde
Publisher : Commonwealth Secretariat
ISBN 13 : 1849291608
Total Pages : 49 pages
Book Rating : 4.8/5 (492 download)

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Book Synopsis Key Issues in Natural Resource Taxation and Revenue Management in the Commonwealth by : Daniel Wilde

Download or read book Key Issues in Natural Resource Taxation and Revenue Management in the Commonwealth written by Daniel Wilde and published by Commonwealth Secretariat. This book was released on 2016-10-11 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public policies in taxation and revenue management are key to ensuring natural resource wealth results in economic development. Tax policy and systems should ensure that whenever natural resources are extracted, the host state receives a fair share of revenue. Revenue management policies are required to ensure that government revenues from natural resources are wisely used to finance sustainable economic development. This Economic Paper analyses key issues in natural resource taxation and revenue management and recommends policies that can improve countries’ economic performance. The discussion draws on economic theory, empirical evidence and the work of the Commonwealth Secretariat.

Climate Vulnerability and Government Resource Mobilization in Developing Countries

Author : Pierre Christian Tsopmo
Publisher :
ISBN 13 : 9789292672867
Total Pages : 0 pages
Book Rating : 4.6/5 (728 download)

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Book Synopsis Climate Vulnerability and Government Resource Mobilization in Developing Countries by : Pierre Christian Tsopmo

Download or read book Climate Vulnerability and Government Resource Mobilization in Developing Countries written by Pierre Christian Tsopmo and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is substantial empirical literature on the impact of climate vulnerability on economic outcomes in developing countries. However, this literature is still weak on the impact of climate vulnerability on tax revenue mobilization. To enrich the existing literature, this paper aims to investigate the effects of climate vulnerability on government revenue mobilization in a sample of 84 developing countries over the period 1995-2019. To achieve this objective, we use the pooled ordinary least square and fixed-effects ordinary least square regressor techniques as developed by Driscoll and Kraay (1998). We obtain three main results. First, climate vulnerability hampers government revenue mobilization in developing countries. Indeed, a variation of 1 per cent in the level of climate vulnerability induces a decrease in government revenues of 0.63 points. Second, climate vulnerability has different impacts on each type of government tax revenue. Regarding the subcomponents of tax revenue (direct and indirect tax), the results confirm the harmful effect of climate vulnerability on all these subcomponents. Furthermore, it appears that direct taxes are the most compromised in terms of magnitude. Third, this effect does not change when climate vulnerability is disaggregated (exposure, sensitivity, and adaptive capacity). However, the climate sensitivity index has a significantly greater effect than the other two. Finally, by applying quantile regression and the two-step system generalized method of moments to control, respectively, distributional heterogeneity and the potential endogenous problem, we also find that climate vulnerability hampers government revenue mobilization in developing countries. These results suggest recommendations relative to the implementation of measures meant to improve the resilience of people to climate change and natural disasters.

Taxation and Management of Natural Resources in Africa

Author : Mohammed Amidu
Publisher : Springer Nature
ISBN 13 : 3031581245
Total Pages : 492 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis Taxation and Management of Natural Resources in Africa by : Mohammed Amidu

Download or read book Taxation and Management of Natural Resources in Africa written by Mohammed Amidu and published by Springer Nature. This book was released on with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax Avoidance in Sub-Saharan Africa’s Mining Sector

Author : Ms. Giorgia Albertin
Publisher : International Monetary Fund
ISBN 13 : 1513594362
Total Pages : 73 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Tax Avoidance in Sub-Saharan Africa’s Mining Sector by : Ms. Giorgia Albertin

Download or read book Tax Avoidance in Sub-Saharan Africa’s Mining Sector written by Ms. Giorgia Albertin and published by International Monetary Fund. This book was released on 2021-09-28 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to contribute to the international policy debate around profit shifting, tax avoidance and SSA’s revenue mobilization efforts in three ways. First, it examines the importance of mining, the role of multinational enterprises (MNEs), and mining revenue outcomes in SSA. Second, it assesses the magnitude of profit shifting in mining drawing on new macro level research, supplemented by case studies to illustrate the lived experience of tax avoidance in SSA mining. Third, the paper identifies tax policy reforms that could boost revenue mobilization in SSA.

Study on the Vulnerability and Resilience Factors of Tax Revenues in Developing Countries

Author : Christian von Haldenwang
Publisher :
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Study on the Vulnerability and Resilience Factors of Tax Revenues in Developing Countries by : Christian von Haldenwang

Download or read book Study on the Vulnerability and Resilience Factors of Tax Revenues in Developing Countries written by Christian von Haldenwang and published by . This book was released on 2014 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beyond the general impact of shocks on economic growth there are specific effects of shocks on revenue systems that shape the capacity of governments to react to adverse external events and sustain development expenditure. These effects vary not only with the kinds of shock affecting the economies, but also with the characteristics of these economies (welfare levels, dependence on natural resources, etc.), the political and administrative capacity of states to react to changing situations, and the structure of the tax systems. Shocks do not only affect the level of tax collection, but also the stability and predictability of revenue. The latter is critical with regard to the adaptation to exogenous changes as well as the financial ability of states to recover from adverse external events. This study presents an approach to empirically assess the impact of several kinds of shocks on revenue systems in a broad set of countries, and in developing countries in particular. The study thus contributes to an evidence-based policy of the European Commission aimed at strengthening the capacity of developing countries to absorb external shocks and thereby stabilising development expenditures. In particular, it provides evidence on the vulnerability to external shocks of tax revenues in developing countries and presents policy options to strengthen the resilience of tax systems.

Fiscal Regimes for Extractive Industries—Design and Implementation

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498340067
Total Pages : 82 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fiscal Regimes for Extractive Industries—Design and Implementation by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Fiscal Regimes for Extractive Industries—Design and Implementation written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2012-08-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación

Revenue Mobilization in Developing Countries

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498339247
Total Pages : 86 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Revenue Mobilization in Developing Countries by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Revenue Mobilization in Developing Countries written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2011-08-03 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has long played a lead role in supporting developing countries’ efforts to improve their revenue mobilization. This paper draws on that experience to review issues and good practice, and to assess prospects in this key area.

Natural Resource Taxation in Mexico: Some Considerations

Author : Ms. Alpa Shah
Publisher : International Monetary Fund
ISBN 13 : 1513599666
Total Pages : 36 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Natural Resource Taxation in Mexico: Some Considerations by : Ms. Alpa Shah

Download or read book Natural Resource Taxation in Mexico: Some Considerations written by Ms. Alpa Shah and published by International Monetary Fund. This book was released on 2021-10-18 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mexico has large extractive industries and it traditionally has raised sizable fiscal revenues from the oil and gas sector. A confluence of factors—elevated commodity prices, financial challenges of the state-owned oil company Pemex, and revenue needs for financing social and public investment spending over the medium term—suggest that a review of Mexico’s taxation regimes for natural resources would be opportune, against the backdrop of a comprehensive approach to tackling Mexico’s challenges. This paper identifies opportunities for redesigning mining taxation to increase somewhat the revenue intake while maintaining the favorable investment profile of the sector. It also discusses recent reforms to the oil and gas fiscal regime and future reform considerations, with attention to the attractiveness of investment on commercial terms—an issue that should be placed in the context of an overall reform of Pemex’s business strategy and possibly of the energy sector more generally.

World Development Indicators 2016

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464806845
Total Pages : 184 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis World Development Indicators 2016 by : World Bank

Download or read book World Development Indicators 2016 written by World Bank and published by World Bank Publications. This book was released on 2016-04-29 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Development Indicators 2016 provides a compilation of relevant, high-quality, and internationally comparable statistics about global development and the fight against poverty. It is intended to help policymakers, students, analysts, professors, program managers, and citizens find and use data related to all aspects of development, including those that help monitor progress toward the World Bank Group’s two goals of ending poverty and promoting shared prosperity. Six themes are used to organize indicators—world view, people, environment, economy, states and markets, and global links. WDI 2016 includes: •A selection of the most popular indicators across 214 economies and 14 country groups organized into six WDI themes •A new section on the Sustainable Development Goals (SDGs) has replaced the one on Millennium Development Goals (MDGs). •The SDG section covers all 17 goals, and important targets to achieve these goals. Each goal has been presented in a maximum 2-page spread with selected indicators to explain the targets. •Each of the remaining sections includes an introduction, a map, a table of the most relevant and popular indicators for that theme together with a discussion of indicator compilation methodology. •A user guide describing resources available online and on mobile apps. Download the WDI DataFinder Mobile App and other Data Apps at data.worldbank.org/apps. WDI DataFinder is a mobile app for browsing the current WDI database on smartphones and tablets, using iOS and Android, available in four languages: English, French, Spanish, and Chinese. Use the app to: •Browse data using the structure of the WDI •Visually compare countries and indicators •Create, edit, and save customized tables, charts, and maps •Share what you create on Twitter, Facebook, and via email

Mining Royalties

Author :
Publisher : World Bank Publications
ISBN 13 : 0821365037
Total Pages : 320 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Mining Royalties by :

Download or read book Mining Royalties written by and published by World Bank Publications. This book was released on 2006-01-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a wealth of information and analysis relating to mineral royalties. Primary information includes royalty legislation from over forty nations. Analysis is comprehensive and addresses issues of importance to diverse stakeholders including government policymakers, tax administrators, society, local communities and mining companies. Extensive footnotes and citations provide a valuable resource for researchers.

The World Bank Research Observer

Author :
Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The World Bank Research Observer by :

Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Public Goods

Author : Marco A. Ferroni
Publisher : World Bank Publications
ISBN 13 : 9780821351109
Total Pages : 212 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis International Public Goods by : Marco A. Ferroni

Download or read book International Public Goods written by Marco A. Ferroni and published by World Bank Publications. This book was released on 2002-01-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasingly, the consequences of globalization call for the involvement not only of national governments but of the international development community as a whole. Such involvement needs to occur within a comprehensive framework that encompasses stakeholders from government, non-governmental organizations, and businesses acting together in partnership. This requires the leveraging of general aid and country-focused development resources along with encouraging private financing participation. 'International Public Goods' explains different ways that this type of framework might be structured and focuses on different financing strategies that can be developed. It acknowledges the value of country specific efforts while recommending a multi-national approach to addressing problems resulting from globalization. This book evaluates the concepts fundamental to the term ?public goods? and details alternative governance structures including the role of incentives.

Strengthening Domestic Resource Mobilization

Author : Raul Felix Junquera-Varela
Publisher : World Bank Publications
ISBN 13 : 1464810745
Total Pages : 228 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Strengthening Domestic Resource Mobilization by : Raul Felix Junquera-Varela

Download or read book Strengthening Domestic Resource Mobilization written by Raul Felix Junquera-Varela and published by World Bank Publications. This book was released on 2017-06-29 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public spending plays a key role in the economic growth and development of most developing economies. This book analyzes revenues, policy, and administration of Domestic Resource Mobilization (DRM) in developing countries. It provides a broad landscape of practical examples, drawing from lessons learned in World Bank operations across Global Practices over the past several decades. It should be thought of as a starting point for a more comprehensive research agenda rather than a complete inventory itself. This book reviews the trends in tax revenue collection in developing countries. It provides an overview of efforts to close the revenue gap, many of which have been supported by World Bank operations. The book reviews the special challenges facing low income countries, which have traditionally relied on indirect revenues in the context of limited formalization of their economies. An overview of tax policy and administration reform programs is presented, with an overview of outstanding issues that will shape the policy agenda in years ahead.

Rents to Riches?

Author : Naazneen Barma
Publisher : World Bank Publications
ISBN 13 : 0821387162
Total Pages : 303 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Rents to Riches? by : Naazneen Barma

Download or read book Rents to Riches? written by Naazneen Barma and published by World Bank Publications. This book was released on 2011-12-08 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.

Fiscal Management in Resource-Rich Countries

Author : Rolando Ossowski
Publisher : World Bank Publications
ISBN 13 : 1464804966
Total Pages : 180 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Fiscal Management in Resource-Rich Countries by : Rolando Ossowski

Download or read book Fiscal Management in Resource-Rich Countries written by Rolando Ossowski and published by World Bank Publications. This book was released on 2016-06-28 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Policy makers, economists, and public finance professionals working in such countries are frequently confronted with issues that require an in-depth understanding of the sector, its economics, governance, and policy challenges, as well as the implications of natural resource wealth for fiscal and public financial management. The objective of the two-volume Essentials for Economists, Public Finance Professionals, and Policy Makers, published in the World Bank Studies series, is to provide a concise overview of the EI-related topics these professionals are likely to encounter. This second volume, Fiscal Management in Resource-Rich Countries, addresses critical fiscal challenges typically associated with large revenue flows from the EI sector. The volume discusses fiscal policy across four related dimensions: short-run stabilization, the management of fiscal risks and vulnerabilities, the promotion of long-term sustainability, and the importance of good public financial management and public investment management systems. The volume subsequently examines several institutional mechanisms used to aid fiscal management, including medium-term expenditure frameworks, resource funds, fiscal rules, and fiscal councils. The volume also discusses the earmarking of revenue, resource revenue projections as applied to the government budget, and fiscal transparency, and outlines several fiscal indicators used to assess the fiscal stance of resource-rich countries. The authors hope that economists, public finance professionals, and policy makers working in resource-rich countries—including decision makers in ministries of finance, international organizations, and other relevant entities—will find the volume useful to their understanding and analysis of fiscal management in resource-rich countries.