Iceland: Advancing Tax Reform and the Taxation of Natural Resources

June 16, 2011

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Iceland: Advancing Tax Reform and the Taxation of Natural Resources, (USA: International Monetary Fund, 2011) accessed November 23, 2024

Summary

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.

Subject: Capital income tax, Income, Income and capital gains taxes, Income tax systems, National accounts, Tax incentives, Taxes, Value-added tax

Keywords: Capital income tax, Carbon tax, Cash flow, CR, Europe, Excise tax, Income, Income and capital gains taxes, Income tax, Income tax systems, ISCR, Natural resources, Property tax, Tax rate, Value-added tax, Value-added tax, Wealth tax, Withholding tax

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/138
Stock No:

1ISLEA2011003
ISBN:

9781455272518
ISSN:

1934-7685

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