In developed countries pension funds are an integral part of the private capital market. The portfolios of assets represent a large fraction of the total debt and equity of private sector enterprises. The development of a set of private pension plans in Hungary and funding now for the past...

The purpose of this paper is to carry out a series of empirical estimates of the relative impact of a series of changes in the Canadian taxation of income generated by foreign-owned investments on: 1) The change in Canadian tax revenues 2) The tax transfer to or from the U.S. Treasury, and 3)...

In this study, an attempt is made to develop estimates of the value of economic rent from production of hydro-electricity. These estimates are made for the year 1979, which is the latest period for which a comprehensive set of data was available at the time this work was undertaken. The...

The 1986 tax reform in Bolivia was comprehensive and highly successful. Since that time the economy has moved from a state of hyperinflation to one of economic stability and growth. As this process continues there will be a need for additional government revenues to develop social and physical...

The use of market-based incentives (MBIs) as mechanism for influencing pollution abatement has increased greatly in recent years. This trend reflects the realization that the integration of economic and environmental decision-making will induce the private sector to take steps to reduce their...

Reengineering or reforming a tax system in low-income countries such as Nepal Malawi or Bolivia is a more challenging, or a more interesting, task than undertaking a tax reform in a typical high income industrial country. The greatest challenge is to design a tax system that will appropriately...

The purpose of this study is to provide an outline of the policy issues that arise when instituting a system of private-funded pension plans. At this time, many countries-particularly those in Eastern Europe and Latin America-are rethinking their past social security policies and considering the...

This report studies the revenue requirement of the Government of Belize in short term as well as the tax reform measure needed to face the longer term revenue requirements of the public sector in an environment where tariffs to international trade are being reduced. The study update a similar...

Roads, electrical generation for facilities, hospitals, schools, housing, and recreational facilities are investments that are often made by mining enterprises in communities where they are operating. Often these enterprises argue that the services generated by this community infrastructure are...

Before discussing the specific proposal of the resource rent tax developed in the paper by Ross Garnaut and Anthony C. Ross the advantages and disadvantages inherent in the four broad takes applicable to the mining sector are considered. In this way, we will have a better understanding of the...