The Taxation of Natural Resources: Principles and Policy Issues

Robin Boadway and Frank Flatters
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Frank Flatters: Queen’s University

Chapter Chapter 2 in Taxing Choices for Managing Natural Resources, the Environment, and Global Climate Change, 2023, pp 17-81 from Springer

Abstract: Abstract This chapter by Boadway and Flatters presents principles of taxation of natural resources and policy issues that arise in practice in applying these principles. They discuss three alternative “ideal” ways for the government to divert a share of rents to the public sector: (a) levy a cash flow tax on rents; (b) require firms to bid for the rights to exploit resources; and (c) take a share of equity in the firm. They discuss these options in terms of their implications for the ability of firms to obtain finance, the allocation of risk, the share of rents accruing to the public sector, the extent of involvement of foreign firms, and other factors. The time has come in many countries, they say, when gains from a further refinement of imperfect existing taxes on resources are less than replacing them with simpler, more efficient forms of pure rent taxes.

Date: 2023
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Working Paper: The taxation of natural resources: principles and policy issues (1993)
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DOI: 10.1007/978-3-031-22606-9_2

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