Evaluation of Taxes and Revenues From the Energy Sector in the Baltics, Russia, and Other Former Soviet Union Countries

March 1, 1998

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Dale F. Gray Evaluation of Taxes and Revenues From the Energy Sector in the Baltics, Russia, and Other Former Soviet Union Countries, (USA: International Monetary Fund, 1998) accessed November 5, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper examines the level and structure of fiscal revenues from the Baltics, Russia, and other former Soviet Union countries’ (BRO) energy sector and suggests reforms in energy tax policy. Revenues from the oil and gas sectors are about half the level that might be expected from international comparisons. Low oil revenues result from infrastructure constraints on oil exports, weak tax administration, and inappropriate tax structures. Low gas revenues are due to low statutory tax rates, a tax structure that does not capture monopoly or resource rents, and weak tax administration. Taxation of oil products could be increased.

Subject: Commodities, Economic sectors, Excises, Oil, Oil sector, Oil, gas and mining taxes, Tax incidence, Tax policy, Taxes

Keywords: Baltics, BRO country, Cash flow, Economic rent, Energy, Estimated tax, Europe, Excises, Export duty, Gas and mining taxes, Income tax, Middle East, Natural monopoly, Natural resources, Oil, Oil sector, Petroleum, Rate of return, Regulation, Revenue enhancement, Road tax, Tax code, Tax incidence, Tax policy, Western Europe, WP

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1998/034
Stock No:

WPIEA0341998
ISBN:

9781451845235
ISSN:

1018-5941

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