En 2011 a través de la creación del Sistema General de Regalías –SGR- se modificó la manera como se distribuyen los recursos de regalías en Colombia, permitiendo que participaran de manera equitativa todas las entidades territoriales del país. Después de varios años de entrada en...

This paper analyzes the Thai petroleum fiscal regimes, so called Thailand I and Thailand III, under the concession system for granting petroleum exploration and production rights. The analytical issues include the sharing of benefit between the government and concessionaires, assurance of the...

Because the jackpots in lotto games are potentially unlimited, it has been speculated that these lotteries may have a positive expected return for high jackpots. While most previous work has concluded that the lotto rarely presents a player with a positive expected return, this paper modifies...

The paper is to analyze the inter-industry price and demand effects that were likely to arise from the system of excise tax indexation. The system existed in the period April 1981 to August 1984 in Canada. The paper points out that the unintended cross price effects can be very large when there...

This paper describes the concept of financial repression. Under this regime, states aim at reducing the burden of their public debt by repressive measures aimed at financial markets, steady inflation rates and low nominal interest rates. In the past, such policies were widespread in many...

Coinage debasement in medieval and early modern Europe remains an ill-understood topic; and indeed an often cited article ("The Debasement Puzzle": Velde and Weber, 1996) sought to demonstrate that coinage debasements were both impractical and economically futile. The purpose of this study is to...

Nonpayment for public utilities is an important constraint to expanding service access in developing countries. As a potential policy response, this study implements and evaluates a randomized water education campaign in a low income peri-urban area in South Africa. We estimate substantial...

This paper studies the evolution of the Southern African Customs Union (SACU), tracing it from its inception in 1889 as the Customs Union Convention, the world’s first customs union, to its current status. While the union has operated under different agreements, which have been negotiated...

A recent controversial move by the Indian income tax authorities was the introduction of a fringe benefits tax (FBT) in 2005. Its introduction has been justified on the grounds that it taxes fringe benefits which are collectively enjoyed by employees and are in the form of facilities and...

The 2014 This report on Tax Reforms in EU Member States presents an overview of the reforms recently introduced by Member States in the main areas of tax policy and provides up-to-date analysis of the main challenges in each area. It also includes an indicator-based assessment, which gives an...