Iceland: Advancing Tax Reform and the Taxation of Natural Resources

International Monetary Fund

No 2011/138, IMF Staff Country Reports from International Monetary Fund

Abstract: This study focused on environmental tax measures, and on allocation, pricing, and taxation of Iceland’s major hydropower and geothermal resources. Measures to secure the tax base for the corporate income tax (CIT) are proposed. Taxation of the financial sector can be improved by a number of measures. The measures that increase fiscal levies on energy-intensive industries should be avoided. The proposals in this paper aim at efficiency and equity in the tax system rather than revenue growth.

Keywords: ISCR; CR; income tax; property tax; tax rate; withholding tax; excise tax; wealth tax; carbon tax; cash flow; natural resources; value-added tax; Income; Income and capital gains taxes; Value-added tax; Income tax systems; Capital income tax; Europe (search for similar items in EconPapers)
Pages: 80
Date: 2011-06-16
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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