Cash Flow Analysis of Fiscal Regimes for Extractive Industries
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Summary:
Mining and petroleum projects share characteristics distinguishing them from other sectors of the economy, which has led to the use of dedicated fiscal regimes for these projects. The IMF’s Fiscal Affairs Department uses fiscal modeling to evaluate extractive industry fiscal regimes for its member countries, and trains country officials on key modeling concepts. This paper outlines important preconditions needed for effective fiscal modeling, key evaluation metrics, and emphasizes the importance of transparent modeling practices. It then examines the modeling of commonly-used fiscal instruments and highligts where their economic impact differs, and how fiscal models can inform fiscal regime design.
Series:
Working Paper No. 2024/089
Subject:
Carbon tax Commodities Corporate income tax Fiscal Analysis of Resource Industries (FARI) Oil Production sharing Revenue performance assessment Taxes
Frequency:
regular
English
Publication Date:
April 26, 2024
ISBN/ISSN:
9798400274329/1018-5941
Stock No:
WPIEA2024089
Format:
Paper
Pages:
58
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