This paper takes a broad approach in the sense that only the fundamental structure elements of each tax system are considered as part of the benchmark tax system. Moreover, this paper will go beyond the traditional tax expenditure reporting by taking into account an ideal tax system with minor...

This statement outlines some of the economic effects of the present for the taxation of the foreign activities of United States petroleum corporations. The four principal features of this system are the foreign tax credit, the foreign percentage depletion allowance, the deduction of foreign...

In this review of the proposed procedures for social cost benefit analysis I have taken as the principal references two recent World Bank publications on this subject, L. Squire and Herman G. van der Tak, Economic Analysis of Projects, The Johns’ Hopkins University Press, 1975; and Colin Bruce,...

In this chapter we identify and attempt to qualify the direct and indirect links that the mineral exporting sector has with other economic activity in a developing country. We find that the traditional macroeconomic models used for analysis in developed countries may not be appropriate for some...

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)...

This paper examines a number of characteristics of East European economies-i.e., the degree of state ownership and public sector social expenditure- and considers the type of tax policies that would be appropriate for the immediate future. The conclusions are that the tax policies needed by...

As economists with some experience in mineral economics and the analysis of mining tax policy in several countries, it has been with some interest that we have followed the recent exchange between Thomas and Alduck in Mining Magazine regarding the economic effects of "high-grading". It is our...

Water shortages in North Cyprus are quite evident and both supply and demand policies to alleviate these shortages are urgently needed.This paper reports on an evaluation we have carried out on the financial feasibility of importing water by tanker from Manavgat (Turkey) to Kumkoy (North...

The value added tax system in North Cyprus is somewhat unique. It has a very high degree of legal coverage of goods and services in the economy and instead of exempting certain sectors from taxation; they are taxed at lower rates. At the same time the administration of the tax relies heavily on...

The Comprehensive Development Framework (CDF) of the Kyrgyz Republic indicates clearly the desire and the need to attract additional direct foreign investment to the country. The need for foreign investment is for at least two reasons. First, it is needed to improve the efficiency and...