Iceland : Advancing Tax Reform and the Taxation of Natural Resources

Author/Editor:

International Monetary Fund

Publication Date:

June 16, 2011

Electronic Access:

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Summary:

This study focused on environmental tax measures, and on allocation, pricing, and taxation of Iceland’s major hydropower and geothermal resources. Measures to secure the tax base for the corporate income tax (CIT) are proposed. Taxation of the financial sector can be improved by a number of measures. The measures that increase fiscal levies on energy-intensive industries should be avoided. The proposals in this paper aim at efficiency and equity in the tax system rather than revenue growth.

Series:

Country Report No. 11/138

Subject:

Frequency:

Annually

English

Publication Date:

June 16, 2011

ISBN/ISSN:

9781455272518/1934-7685

Stock No:

1ISLEA2011003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

80

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