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International Monetary Fund. Fiscal Affairs Dept.
This paper discusses Malian mining taxation. Mali’s industrial mining sector is predominantly gold mining, with six industrial mines currently active. Most of the mines are old, but some have substantial reserves; extensions are planned for the Syama, Morila, Kalama, Tabakoto-Segela, and Loulo-Gounkoto mines. The Fiscal Analysis for Resource Industries model was completed for five new projects with recent feasibility studies. The government revenue contributed by the five new projects is on the order of US$1.7 billion (constant dollars) over the next 10 years. The application of the 1999 or 2012 Mining Code increases the government’s share of income in comparison with the 1991 code.
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. The latest information from the Ministry of Finance indicates that the lender has agreed to extend the grace period on these loans, which will raise the grant element to above the 35 percent threshold. 6. Recently released official data confirm an increase in poverty in 2010 . Following the economic contraction in the aftermath of the 2010 events and an increase in inflation, aggregate poverty increased from 31.7 percent to 33.7 percent and extreme poverty increased from 3 percent to 5.3 percent in 2010 compared to 2009.

International Monetary Fund. Fiscal Affairs Dept.

) interest 9% 6,25% 10% 8% Source: Mission Calculations 9. The creation of an interagency unit to oversee mining revenue would promote, inter alia, greater use of the AFIE model . Regardless of the purpose for which the model is used, it requires direct access to customs and tax information from the Ministry of Finance and technical data from the Ministry of Mines. The unit would coordinate the efforts of the administrations concerned, would facilitate a better understanding of the bases of the different taxes and fees, and would ensure more

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-capita income Earnings of 30 percent of per-capita income Netherlands 5.5 2.0 7.5 0 United Kingdom 23.8 68.1 14.1 11.7 United States 12.9 33.6 7.65 7.65 France 2.8 4.2 20.9 20.9 Source: Fund staff calculations based on information from the Ministry of Finance of the Netherlands the U.S. Internal Revenue Service, the U.K. Inland Revenue Service, the Ministry of the Economy and Finance, and Industry of France, and Chennels, Dilnot, and Roback (2000) . 1 The tax rate takes into account the standard

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relevant data, in addition to the core system. Until 1994, the National Accounts publication contained such a table. Statistics Netherlands will have a closer look into the possibilities to reactivate the information concerned. The latter will depend on the availability of source information from the Ministry of Finance and the resources needed for the compilation of this table. • Develop quarterly data collections from enterprises for gross fixed capital formation and profits . Estimates for gross fixed capital formation (GFCF) in the quarterly national accounts are

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Compared with its U.S. and U.K. counterparts, the Labor Tax Credit (LTC) is likely to have more limited effects on incentives for primary-earners to enter the labor force, because of the smaller size of the credit. Any significant increase in the LTC to strengthen its effect on the still large poverty trap in the Netherlands is likely to be extremely expensive. Given the easy availability of part-time employment and the high marginal tax rates, the reduction in hours worked could be substantial in the Netherlands.
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structure. Moreover, protected pro-poor spending is only allocated and reported in the output classification. Thus, pro-poor spending during budget execution can only be monitored with the assistance of supplementary reports, and not from the main budget execution and accounting system. Currently, reports on pro-poor spending rely on cash release information from the Ministry of Finance. 26. The quality of fiscal data is poor, creating additional uncertainty about the fiscal position . Fiscal reporting is to take place on a cash basis. However, most expenditure data

International Monetary Fund

Production tax 373 325 311 755 631 Memorandum item: Exchange rate (Readjusted kwanzas per U.S. dollar) 1/ 0.005 0.153 2.711 127.840 228.233 Sources: Budget execution reports; supplemental information from the Ministry of Finance; and staff estimates. 1/ Prior to 1995, in trillions of new kwanzas (NKZ 1000 = KZR 1). Table 17. Angola: Government Expenditure by Function, 1993–97 1/ Est. 1993 1994 1995 1996 1997 (In billions of readjusted kwanzas) 2