Taxation of Petroleum Products: Theory and Empirical Evidence
March 1, 1994
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Summary
The domestic taxation of petroleum products is an important source of revenue in most countries. However, there is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone. This paper surveys different considerations advanced for taxing petroleum and presents petroleum tax rate data in 120 countries. It concludes that a significant reduction in the present extremely wide variation in petroleum prices and tax rates appears warranted.
Subject: Average effective tax rate, Commodities, Gasoline, Oil, Oil prices, Oil, gas and mining taxes, Prices, Tax policy, Taxes
Keywords: ad valorem tax tax rate, Africa, Average effective tax rate, before-tax price, Eastern Europe, gas and mining taxes, Gasoline, industry price, kerosene price, Middle East, Oil, oil price increase, Oil prices, petroleum price, petroleum price development, petroleum product price, petroleum products, pollution cost, premium gasoline price, prices of petroleum products, sales tax, U.S. dollar, U.S. highway cost allocation study, Western Hemisphere, WP
Pages:
58
Volume:
1994
DOI:
Issue:
032
Series:
Working Paper No. 1994/032
Stock No:
WPIEA0321994
ISBN:
9781451979756
ISSN:
1018-5941
Notes
Presents petroleum tax rate data in 120 countries.
