The mechanisms of taxation of natural resources and property in developing and developed nations
DOI:
https://doi.org/10.31150/ajebm.v3i1.136Keywords:
Taxation, Natural Resources, Property, MechanismsAbstract
The governmental revenue essentially depends on taxation and it uses the collected tax for developmental purposes. In this paper, the mechanisms of taxation of natural resources and property in developed and developing nations are discussed in detail. The main types of tax and subsidy instruments used for natural resources and objectives of resources taxation will be analyzed in detail. Additionally, this paper will shed light on taxation of property and its criteria. Lastly, the practicality of reforms relating to property taxing and resources for effective property tax will be explained.
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References
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Webb, Steven. 2010. “Managing Mineral Wealth in Middle-Income Countries: Political Economy in Five Examples from Latin America.” Unpublished manuscript. World Bank, Washington, DC
World Bank (2011a). The Changing Wealth of Nations: Measuring Sustainable Development for the New Millennium. Environment and Development Series. Washington, DC: World Bank.
Church, A.M., 1981, Taxation of nonrenewable resources (Lexington Books, Lexington, MA)
Ellman, M., 1981, Natural gas, restructuring and reindustrialization: The Dutch experience of industrial policy, in: T. Barker and V. Brailovsky, eds., Oil or industry? Energy, industrialization and economic policy in Canada, Mexico, the Netherlands, Norway, and the United Kingdom (Academic Press, London).
Barker, T. and V. Brailovsky, eds., 1981, Oil or industry? Energy, industrialization and economic policy in Canada, Mexico, the Netherlands, Norway and the United Kingdom (Academic Press, London).
Bertrand, R.J., 1981, The state of competition in the Canadian petroleum industry (Supply and Services, Ottawa)
Beals, R.E., M. Gillis, G. Jenkins and U. Peterson, 1980, Investment policy: Issues and analyses, in: M. Gillis and R.E. Beals, eds., Tax and investment policies for hard minerals (Ballinger, Cambridge, MA) 261-276
UN-HABITAT (2011a) Innovative Land and Property Taxation. UN-HABITAT. www.unhabitat.org
UN-HABITAT (2011b) Land and Property Tax. UN-HABITAT. www.unhabitat.org
Plimmer, Frances, McCluskey, William J. 2012b. Taxing for Sustainability. Land Journal Royal Institution of Chartered Surveyors. June-July pp. 22–23.
Slack, E. and Bird, R.M. (2015). How to reform the property tax Lessons from around the World. IMFG paper, No. 21. Institute of Municipal Finance and Governance, University of Toronto, Canada.
Plimmer, Frances, McCluskey, William J. 2012a. Sustainability is for taxes too. Land Journal Royal Institution of Chartered Surveyors. April-May pp. 16–17.
Page, C Stuart. 1976. ‘Local Taxation – a preliminary check list for Layfield’ Rating and Valuation. June 1976, p. 163.
Norregaard, J. (2013). Taxing Immovable Property: Revenue Potential and Implementation Challenges (IMF Working Paper, WP/13/129). Washington, D.C.: International Monetary Fund.
Webb, Steven. 2010. “Managing Mineral Wealth in Middle-Income Countries: Political Economy in Five Examples from Latin America.” Unpublished manuscript. World Bank, Washington, DC
World Bank (2011a). The Changing Wealth of Nations: Measuring Sustainable Development for the New Millennium. Environment and Development Series. Washington, DC: World Bank.
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Published
2020-02-14
How to Cite
Safarov, G. (2020). The mechanisms of taxation of natural resources and property in developing and developed nations. American Journal of Economics and Business Management, 3(1), 227–236. https://doi.org/10.31150/ajebm.v3i1.136
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