Forestry Taxation in Africa : The Case of Liberia / Saji Thomas, Arnim Schwidrowski.

Format:

Book

Government document

Author/Creator:

Thomas, Saji.

Contributor:

Schwidrowski, Arnim.

International Monetary Fund. African Department.

Series:

IMF Working Papers; Working Paper ; No. 2005/156

IMF Working Papers

Language:

English

Subjects (All):

Forests and forestry--Taxation--Liberia.

Forests and forestry.

Forest products--Taxation--Liberia.

Forest products.

Taxation--Liberia.

Taxation.

Physical Description:

1 online resource (27 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2005.

Language Note:

English

Summary:

Countries generally tax the forestry sector to achieve the twin objectives of revenue maximization and sustainability of logging levels. In an ideal world of perfect markets and information, auctions would be the best instrument to determine the price of extraction rights. However, a number of factors-including a lack of information on the forest resources under consideration, uncertainties as to the stability of property rights over time, and a lack of access to credit-have limited the use of auctions so far, particularly in low-income countries. To establish transparency of the forestry sector's financial flows, this paper discusses a radical simplification of Liberia's current timber tax structure, including a proposal to reduce the sector's current tax system to two instruments, an area tax and an export tax.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. LIBERIA�S TIMBER SECTOR""; ""III. WHY ARE FORESTRY TAXES DIFFERENT FROM OTHER TAXES?""; ""IV. ASSESSMENT OF FISCAL INSTRUMENTS USED IN FORESTRY SECTOR4""; ""V. AN INTERIM PROPOSAL FOR TIMBER TAXATION""; ""REFERENCES""

Notes:

"August 2005."

Includes bibliographical references (p. 14).

Description based on print version record.

ISBN:

9786613823731

9781462341757

1462341756

9781452748146

1452748144

9781283511285

1283511282

9781451907117

1451907117