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Mr. Jack Calder

Abstract

The design and implementation of procedures for natural resource revenue administration should agree with best practices in general tax administration, whose main elements can be summarized as:

Mr. Jack Calder

Abstract

This handbook is one of the first of its kind to focus attention on effectively administering revenues from extractive industries. It provides policymakers and officials in developing and emerging market economies with practical guidelines to establish a robust legal framework, organization, and procedures for administering revenue from these industries. It discusses transparency and how to promote it in the face of increasing demands for clarity and how developing countries can strengthen their managerial and technical capacity to administer these revenues.

Mr. Jack Calder

Abstract

Natural resource revenue administration takes place within a wider government policy and regulatory framework. This covers not just fiscal policy and regulation, but also natural resources management and industry policy and regulation, and (where relevant) commercial participation. In any particular country it is important to understand the nature of this wider framework.

Mr. Jack Calder

Abstract

The first step in assessing natural resource revenue tax administration in any country must be a review of its legal and policy framework: the rules that determine the tax payable by natural resource businesses (not the administrative rules, discussed separately in Chapter 4). For large natural resource companies those rules mostly define the nature of the administrative task. For those companies the main challenge is generally not—as it often is with smaller businesses—business account accuracy and filing and payment compliance. Instead the main task is to ensure that the taxes they pay are calculated in accordance with policy intentions underlying natural resource revenue legislation and agreements. This is, therefore, the main focus of natural resource revenue administrative efforts and the basis for assessment of capacity-building needs.

Mr. Jack Calder

Abstract

L’administration des recettes fiscales tirées de ressources naturelles présente des difficultés particulières. Ce manuel est l’un des premiers ouvrages à s’intéresser de près à l’efficacité de l’administration des recettes issues des industries extractives. Il fournit aux décideurs politiques et aux agents des pays en développement et émergents des instructions pratiques pour mettre en place un cadre juridique, une organisation et des procédures solides pour gérer les recettes issues de ces industries. Il aborde le thème de la transparence et de sa promotion face une demande croissante des parties prenantes nationales et internationales pour plus de clarté et de responsabilité dans l’administration des recettes publiques tirées des ressources naturelles. Il approfondit également les solutions pour que les pays en développement parviennent à renforcer leurs capacités techniques et managériales pour mieux administrer ces recettes.

Mr. Jack Calder

Abstract

This chapter discusses governance and transparency of natural resource revenue administration, which must be considered in a broad context. Maximizing economic and social benefits from natural resource exploitation requires good governance and transparency across a wide range of government activity, not just tax administration. Natural resource companies and their host governments also need to play a part. The wider context is explained in the IMF’s Managing Natural Resource Wealth Topical Trust Fund (MNRW-TTF) program document (2010) and has references for further reading, but is briefly summarized in this introduction.

Mr. Jack Calder

Abstract

Los ingresos derivados de los recursos naturales suelen plantear desafíos singulares para la administración tributaria. Este Manual es uno de los primeros de su tipo que se enfoca en la administración eficaz de los ingresos provenientes de las industrias extractivas. Ofrece a las autoridades y los funcionarios en las economías en desarrollo y de mercados emergentes directrices prácticas para el establecimiento de un marco jurídico robusto, una organización y procedimientos para la gestión de los ingresos de estas industrias. Examina la transparencia y la manera de fomentarla ante las crecientes exigencias de claridad y rendición de cuentas en la administración de los ingresos públicos generados por las industrias extractivas, y analiza la forma en que los países en desarrollo pueden reforzar su capacidad gerencial y técnica para administrar estos ingresos.

Mr. Jack Calder

Abstract

Revenue administration clearly presents challenges to capacity. Natural resources are often found in developing economies, many of which struggle with routine clerical functions, let alone the difficult technical functions of mineral valuation and financial audit required for effective natural resource revenue administration. Multinational natural resource companies employ top lawyers, analysts, accountants, and tax specialists, some specifically tasked with reducing their tax bill. The imbalance in expertise between natural resource companies and revenue administrators can make effective fiscal control difficult.

Mr. Jack Calder

Abstract

The administration of government revenues from extraction of nonrenewable natural resources 1 differs in various ways from regular tax administration and presents special difficulties. In theory, it involves the same principles and practices as administration of other taxes, but because of its particular features, tax authorities often lack the confidence and ability to handle it, and general tax administration experts may feel unqualified to advise them.