Taxation of Petroleum Products: Theory and Empirical Evidence
IMF Working Papers, March 1, 1994
Source details
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- Taxation of Petroleum Products: Theory and Empirical Evidence
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Bibliographic details
- Authors: Poonam Gupta, Walter Mahler
- Published: March 1, 1994
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451979756.001
Summary
- The domestic taxation of petroleum products is an important source of revenue in most countries.
- There is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone.
- The 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.
Major findings and evidence
- Presents petroleum tax rate data in 120 countries.
- Identifies that current cross-country variation in petroleum prices and tax rates is "extremely wide."
- Surveys theoretical and practical considerations used to justify petroleum taxation.
Policy implications and recommendations
- A significant reduction in the present extremely wide variation in petroleum prices and tax rates appears warranted.
Publication and metadata
- Authors: Poonam Gupta, Walter Mahler
- Publication date: March 1, 1994
- Series: Working Paper No. 1994/032
- Issue: 032
- Volume: 1994
- Pages: 58
- DOI: https://doi.org/10.5089/9781451979756.001
- ISBN: 9781451979756
- ISSN: 1018-5941
- Subjects: 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
IMF Working Paper — Taxation of Petroleum Products: Theory and Empirical Evidence (Poonam Gupta; Walter Mahler), Working Paper No. 1994/032, March 1, 1994.