Cash Flow Analysis of Fiscal Regimes for Extractive Industries

Cash Flow Analysis of Fiscal Regimes for Extractive Industries
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Volume/Issue: Volume 2024 Issue 089
Publication date: April 2024
ISBN: 9798400274329
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , Taxation - General , Economics / General , Natural resource taxation , extractive industries , progressivity , economic rents , fiscal modeling , investment analysis , mining , petroleum , , D , resource rent tax , cash flow , petroleum project , regime design , Corporate income tax , Production sharing , Fiscal Analysis of Resource Industries (FARI) , Oil , Carbon tax , Global

Summary

Mining and petroleum projects share characteristics distinguishing them from other sectors of the economy, which has led to the use of dedicated fiscal regimes for these projects. The IMF’s Fiscal Affairs Department uses fiscal modeling to evaluate extractive industry fiscal regimes for its member countries, and trains country officials on key modeling concepts. This paper outlines important preconditions needed for effective fiscal modeling, key evaluation metrics, and emphasizes the importance of transparent modeling practices. It then examines the modeling of commonly-used fiscal instruments and highligts where their economic impact differs, and how fiscal models can inform fiscal regime design.