UID:
(DE-602)edoccha_9958063227202883
Format:
1 online resource (38 p.)
ISBN:
1-4623-6684-8
,
1-4552-2028-0
,
1-283-56602-8
,
9786613878472
,
1-4552-8171-9
Series Statement:
IMF Working Papers
Content:
Mali’s gold sector is an enclave with weak forward and backward linkages with the rest of the economy. Given the predominance of the fiscal transmission channel, it is important that the design of the mineral tax regime gives the state a fair share of the benefits. Using optimal control theory, this paper estimates that the optimal royalty tax in Mali is about 3.5 percent. By reducing the royalty rate from 6 percent to 3 percent, Mali’s mining code broadly ensures that the risk is shared between the state and mining companies, provides sufficient incentives to attract new exploration, and is comparable to the fiscal regimes in other sub-Saharan African countries in its mix of tax instruments and tax structure.
Note:
Description based upon print version of record.
,
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; A. Mali's Gold Sector; 1. Gold Production and Foreign Investment, 2000-08; 1. Gold Sector Indicators, 2004-08; B. Macroeconomic Impact of the Gold Sector; 2. Contribution of Mining Sector to Government Revenues, 2004-08; C. Backward Linkages with the Rest of Economy; 3. Input-Output Coefficient Matrix; 4. Total Requirements Matrix; II. Mining Taxation in Mali; A. A Basic Model; B. Mineral Tax Instruments; III. Optimal Mining Taxation: an Application to Mali; A. Determining the Optimal Royalty Rate; 2. Optimal Tax Rate
,
IV. An Assessment of the Mining Fiscal Regime in MaliA. Fiscal Stability Clause; B. Taxation Based on Profits Rather than Production; C. Fiscal Risk to the State; D. A Simple and Robust Tax System; E. Comparisons with Mineral Taxes in Other Countries; 5. International Comparisons of Mineral Tax Regimes for Selected Countries; V. Conclusions and Policy Implications; Appendix. Dynamic Optimal Simulation Results; A1. Scenario 1: Even Extraction Profile and Discounted Cash Flow; A2. Scenario 2: Optimal Extraction Profile and Discounted Cash Flow
,
A3. Scenario 3: Optimal Extraction Profile and Discounted Cash Flow Using the Optimal Royalty Tax RateReferences; Footnotes
,
English
Additional Edition:
ISBN 1-4552-0085-9
Language:
English
Bookmarklink