View metadata

dc.titleIdeas for Improving Mineral Taxation in Latin America and the Caribbean: Opportunities for Sustainable Development
dc.contributor.authorReyes-Tagle, Gerardo
dc.contributor.authorTaquiri, Jacqueline
dc.contributor.authorCubillos González, Juliana
dc.contributor.authorKarl Estupiñán, Claudio Rene
dc.contributor.orgunitFiscal Management Division
dc.contributor.orgunitInstitutions for Development Sector
dc.coverageLatin America
dc.coverageCentral America
dc.coverageSouth America
dc.coverageSouthern Cone
dc.coverageThe Caribbean
dc.date.available2025-10-23T00:10:00
dc.date.issue2025-10-23T00:10:00
dc.description.abstractMining represents one of the primary sources of revenue, tax receipts, sustainable development, and productive transformation for Latin America and the Caribbean. However, policies governing taxation within the mining sector are often inefficient and inequitable, thereby diminishing both investment and public revenue collection. Governments tend to set tax rates and royalty payments without considering the investment incentives facing mining companies. Similarly, they often allocate exploitation rights through non-competitive processes that constrain economic efficiency and limit the State's potential revenue. This document presents a set of principles and proposals aimed at improving fiscal management within the region's mining sector. First, it proposes that tax systems be designed based on criteria of efficiency, progressivity, and stability, ensuring that the rents generated by mining contribute to economic development without discouraging private investment. Second, it recommends strengthening competitive and transparent bidding mechanisms for the allocation of mining rights, with the aim of maximizing both extractive activity and public revenue while minimizing discretionary decision-making. Finally, it underscores the importance of implementing royalty regimes and progressive profit-sharing schemes that automatically adjust to mineral price cycles, thereby fostering greater fiscal stability and predictability for investors. Collectively, these proposals seek to contribute to the modernization of fiscal institutions within the mining sector and to the construction of a tax framework capable of translating mineral wealth into sustainable and inclusive development for the region.
dc.format.extent119
dc.identifier.doihttp://dx.doi.org/10.18235/0013766
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Ideas-for-Improving-Mineral-Taxation-in-Latin-America-and-the-Caribbean-Opportunities-for-Sustainable-Development.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Ideas-para-mejorar-la-tributacion-de-los-minerales-en-America-Latina-y-el-Caribe-oportunidades-para-un-desarrollo-sostenible.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectTaxation
dc.subjectTax Administration
dc.subjectFiscal Incentive
dc.subjectCompetitiveness
dc.subjectEconomic Development
dc.subjectInvestment
dc.subjectFiscal Policy
dc.subjectRating
dc.subjectConcessions
dc.subject.jelcodeH25 - Business Taxes and Subsidies
dc.subject.jelcodeH32 - Firm
dc.subject.jelcodeQ32 - Exhaustible Resources and Economic Development
dc.subject.jelcodeQ38 - Government Policy
dc.subject.keywordscompetitive bidding;mining concessions;mining taxation;mining royalties;fiscal and investment incentives;government revenue
dc.typeMonographs
idb.identifier.pubnumberIDB-MG-01305
idb.operationRG-T4257
Return to Publication