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Date
2014-07-21Type
- Working Paper
ETH Bibliography
yes
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Abstract
This study analyses the economic rent generated by the exploitation of a non-renewable resource, and the taxation of this rent. We present a synthetic model of a non-renewable-resource sector where deposits must be costly developed before they are exploited; the analysis emphasizes the effect of resource taxation on the discouragement to the development of new reserves. We discuss the limitations of neutral profit-taxation schemes and examine the distortions caused by various resource-taxation systems on the rent and its allocation: tax evasion, royalty-induced distortions, imperfect tax commitment, agency issues... We also discuss the measurement of resource rents for taxation purposes, and issues with the management of the resource tax income. Show more
Publication status
publishedExternal links
Journal / series
Economics Department working paperVolume
Publisher
OECDSubject
Resource rents; Tax distortions; Non-renewable resources; Tax income managementOrganisational unit
03635 - Bretschger, Lucas / Bretschger, Lucas
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ETH Bibliography
yes
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