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Key Issues in Natural Resource Taxation and Revenue Management in the Commonwealth

image of Key Issues in Natural Resource Taxation and Revenue Management in the Commonwealth

Public policies in taxation and revenue management are key to ensuring natural resource wealth results in economic development. Tax policy and systems should ensure that whenever natural resources are extracted, the host state receives a fair share of revenue. Revenue management policies are required to ensure that government revenues from natural resources are wisely used to finance sustainable economic development.

This Economic Paper analyses key issues in natural resource taxation and revenue management and recommends policies that can improve countries’ economic performance. The discussion draws on economic theory, empirical evidence and the work of the Commonwealth Secretariat.

English

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Management of Revenue from Natural Resources

Natural resource revenues have not always led to economic development. From an economic perspective, this is because natural resource revenues are volatile and finite and can lead to a loss of economic competiveness.

English

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