natural resources, are important determinants of tax revenue. …

São Tomé and Príncipe is very open and highly depends on imports resulting in high indirect tax revenue. At the same … time, the production and export base are very narrow, leaving the authorities with a small domestic tax base. For these … in percent of GDP. The paper describes the domestic tax system in São Tomé and Príncipe and uses cross-country empirical …

tools, including pension reform, tax base broadening (and, if necessary, rate hikes), improved tax administration and some …

This paper proposes a new hybrid cash-flow tax on corporations that, on one hand, taxes only excess corporate profits … tax compared to the cash-flow tax on real transactions that seems to have gained common acceptance. The hybrid tax is a … modified version of the cash-flow tax on real and financial transactions combined. The modification involves replacing …