Are there Economic Limits to Efficient Taxation in Minerals and Petroleum Regimes?
Article from: OGEL 3 (2004), in Taxation
Every government strives to put in place a fiscal regime that is attractive to investors and in the same stroke secures a flow of revenue for the government. To achieve this government should seek to take more of the economic rent by the use of certain fiscal tools geared towards achieving this. The concept of economic rent is central to any discussion on efficient taxation of natural resources. The host government is entitled to a considerable portion of rent generated from the mines and fields by virtue of the ownership rights which is vested in the state. However taxation of ...