Iceland: Advancing Tax Reform and the Taxation of Natural Resources

This study focused on environmental tax measures, and on allocation, pricing, and taxation of Iceland’s major hydropower and geothermal resources. Measures to secure the tax base for the corporate income tax (CIT) are proposed. Taxation of the financial sector can be improved by a number of measures...

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Main Author: International Monetary Fund
Format: Report
Language:unknown
Subjects:
Iceland
Online Access:http://www.imf.org/external/pubs/cat/longres.aspx?sk=24973
id ftrepec:oai:RePEc:imf:imfscr:2011/138
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spelling ftrepec:oai:RePEc:imf:imfscr:2011/138 2024-04-14T08:13:39+00:00 Iceland: Advancing Tax Reform and the Taxation of Natural Resources International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=24973 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=24973 preprint ftrepec 2024-03-19T10:41:22Z This study focused on environmental tax measures, and on allocation, pricing, and taxation of Iceland’s major hydropower and geothermal resources. Measures to secure the tax base for the corporate income tax (CIT) are proposed. Taxation of the financial sector can be improved by a number of measures. The measures that increase fiscal levies on energy-intensive industries should be avoided. The proposals in this paper aim at efficiency and equity in the tax system rather than revenue growth. ISCR;CR;income tax;property tax;tax rate;withholding tax;excise tax; wealth tax; carbon tax; cash flow; natural resources; value-added tax; Income; Income and capital gains taxes; Value-added tax; Income tax systems; Capital income tax; Europe Report Iceland RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description This study focused on environmental tax measures, and on allocation, pricing, and taxation of Iceland’s major hydropower and geothermal resources. Measures to secure the tax base for the corporate income tax (CIT) are proposed. Taxation of the financial sector can be improved by a number of measures. The measures that increase fiscal levies on energy-intensive industries should be avoided. The proposals in this paper aim at efficiency and equity in the tax system rather than revenue growth. ISCR;CR;income tax;property tax;tax rate;withholding tax;excise tax; wealth tax; carbon tax; cash flow; natural resources; value-added tax; Income; Income and capital gains taxes; Value-added tax; Income tax systems; Capital income tax; Europe
format Report
author International Monetary Fund
spellingShingle International Monetary Fund
Iceland: Advancing Tax Reform and the Taxation of Natural Resources
author_facet International Monetary Fund
author_sort International Monetary Fund
title Iceland: Advancing Tax Reform and the Taxation of Natural Resources
title_short Iceland: Advancing Tax Reform and the Taxation of Natural Resources
title_full Iceland: Advancing Tax Reform and the Taxation of Natural Resources
title_fullStr Iceland: Advancing Tax Reform and the Taxation of Natural Resources
title_full_unstemmed Iceland: Advancing Tax Reform and the Taxation of Natural Resources
title_sort iceland: advancing tax reform and the taxation of natural resources
url http://www.imf.org/external/pubs/cat/longres.aspx?sk=24973
genre Iceland
genre_facet Iceland
op_relation http://www.imf.org/external/pubs/cat/longres.aspx?sk=24973
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