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OverviewPublic policies in taxation and revenue management are key to ensuring natural resource wealth results in economic development. Tax policy and systems should ensure that whenever natural resources are extracted, the host state receives a fair share of revenue. Revenue management policies are required to ensure that government revenues from natural resources are wisely used to finance sustainable economic development. This Economic Paper analyses key issues in natural resource taxation and revenue management and recommends policies that can improve countries’ economic performance. The discussion draws on economic theory, empirical evidence and the work of the Commonwealth Secretariat. Full Product DetailsAuthor: Daniel WildePublisher: Commonwealth Secretariat Imprint: Commonwealth Secretariat Volume: 96 Weight: 0.142kg ISBN: 9781849291606ISBN 10: 1849291608 Pages: 48 Publication Date: 21 October 2016 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsAbbreviations and acronyms Summary Chapter 1: Introduction Chapter 2: Taxation of Natural Resources in Commonwealth Countries 2.1 Why tax natural resource extraction differently from other economic activity? 2.2 Designing systems for the efficient taxation of natural resources 2.3 An approach to natural resource taxation Chapter 3: Management of Revenue from Natural Resources 3.1 Negative economic impacts of natural resource revenues 3.2 Fiscal rules 3.3 Designing fiscal rules for natural resource revenue management 3.4 Sovereign wealth funds 3.5 Designing SWFs Chapter 4: Conclusion Annex 1: Statistical Data on Resource-rich Developing Commonwealth Countries 2004 to 2013 Annex 2: Breakeven Oil Prices for USA Shale Plays Annex 3: Fiscal Instruments for the Taxation of Petroleum Production Annex 4: A Comparison of Timor-Leste’s and Nigeria’s Sovereign Wealth Funds ReferencesReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |