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dc.titleDesign and Performance of Mining and Petroleum Fiscal Regimes in Latin America and the Caribbean: Survey of Current Practices, Lessons Learned and Best Practices
dc.contributor.authorDavis, Graham A.
dc.contributor.authorSmith, James L.
dc.contributor.orgunitInfrastructure and Energy Sector
dc.coverageLatin America and the Caribbean
dc.date.available2020-08-11T00:00:00
dc.date.issue2020-08-11T00:00:00
dc.description.abstractThis report reviews the taxation of oil, gas, and mining sectors by the governments of the major Latin American and Caribbean producing countries. It finds the fiscal regimes in place to be complex and widely divergent in terms of form and structure. The report describes how most of the existing regimes tend to unintentionally discourage investment, limit production, and create deadweight losses that impede the governments ability to realize the full value and benefits of their resource endowments. These conclusions are based on an analysis of deadweight losses using a model of resource exploration and development that recognizes and incorporates investors likely reactions to various fiscal provisions in the attempt to maximize private operator value via the minimization of the burden of taxation. This behavioral approach to the investors reaction to taxes is designed to identify potential distortions to the plan of exploitationdistortions that may to some extent impair benefits (revenues, jobs, production) that the government would hope to capture through the fiscal regime.
dc.format.extent109
dc.identifier.doihttp://dx.doi.org/10.18235/0002578
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Design-and-Performance-of-Mining-and-Petroleum-Fiscal-Regimes-in-Latin-America-and-the-Caribbean.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Diseno-y-desempeno-de-regimenes-fiscales-en-petroleo-gas-y-mineria-en-America-Latina-y-el-Caribe-Revision-sobre-prácticas-actuales-lecciones-aprendidas-y-mejores-prácticas.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectMining Royalty
dc.subjectTaxation
dc.subjectTax System
dc.subjectPetroleum
dc.subjectMining Industry
dc.subjectTax Policy
dc.subjectTax Rate
dc.subjectEnergy and Mining
dc.subjectNatural Gas Royalty
dc.subject.jelcodeL72 - Mining, Extraction, and Refining: Other Nonrenewable Resources
dc.subject.jelcodeQ32 - Exhaustible Resources and Economic Development
dc.subject.jelcodeH21 - Efficiency • Optimal Taxation
dc.subject.jelcodeL71 - Mining, Extraction, and Refining: Hydrocarbon Fuels
dc.subject.jelcodeQ38 - Government Policy
dc.subject.jelcodeH25 - Business Taxes and Subsidies
dc.subject.jelcodeQ3 - Nonrenewable Resources and Conservation
dc.subject.keywordspolítica fiscal;impuestos;Gas;Petróleo;Minería;marco fiscal;regalías
dc.typeMonographs
idb.identifier.pubnumberIDB-MG-00831
idb.operationRG-T2854
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