Mining Taxation: An Application to Mali
Mali's gold sector is an enclave with weak forward and backward linkages with the rest of the economy. Given the predominance of the fiscal transmission channel, it is important that the design of the mineral tax regime gives the state a fair share of the benefits. Using optimal control theory,...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/126 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Mali's gold sector is an enclave with weak forward and backward linkages with the rest of the economy. Given the predominance of the fiscal transmission channel, it is important that the design of the mineral tax regime gives the state a fair share of the benefits. Using optimal control theory, this paper estimates that the optimal royalty tax in Mali is about 3.5 percent. By reducing the royalty rate from 6 percent to 3 percent, Mali's mining code broadly ensures that the risk is shared between the state and mining companies, provides sufficient incentives to attract new exploration, and is comparable to the fiscal regimes in other sub-Saharan African countries in its mix of tax instruments and tax structure |
Beschreibung: | 1 Online-Ressource (23 p) |
ISBN: | 1455200859 9781455200856 |
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spelling | Thomas, Saji Verfasser aut Mining Taxation An Application to Mali Thomas, Saji Washington, D.C International Monetary Fund 2010 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/126 Mali's gold sector is an enclave with weak forward and backward linkages with the rest of the economy. Given the predominance of the fiscal transmission channel, it is important that the design of the mineral tax regime gives the state a fair share of the benefits. Using optimal control theory, this paper estimates that the optimal royalty tax in Mali is about 3.5 percent. By reducing the royalty rate from 6 percent to 3 percent, Mali's mining code broadly ensures that the risk is shared between the state and mining companies, provides sufficient incentives to attract new exploration, and is comparable to the fiscal regimes in other sub-Saharan African countries in its mix of tax instruments and tax structure Online-Ausg http://elibrary.imf.org/view/IMF001/10962-9781455200856/10962-9781455200856/10962-9781455200856.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Thomas, Saji Mining Taxation An Application to Mali |
title | Mining Taxation An Application to Mali |
title_auth | Mining Taxation An Application to Mali |
title_exact_search | Mining Taxation An Application to Mali |
title_exact_search_txtP | Mining Taxation An Application to Mali |
title_full | Mining Taxation An Application to Mali Thomas, Saji |
title_fullStr | Mining Taxation An Application to Mali Thomas, Saji |
title_full_unstemmed | Mining Taxation An Application to Mali Thomas, Saji |
title_short | Mining Taxation |
title_sort | mining taxation an application to mali |
title_sub | An Application to Mali |
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