By Philip Daniel, Michael Keen, Artur Swistak, and Victor Thuronyi
Versions in Français (French), Português (Portuguese), and Español (Spanish)
Seventy percent of the world’s poorest people live in countries rich in oil, natural gas or minerals, making effective taxation of these extractive industries critical to alleviating poverty and achieving sustained growth. But national borders make that task much harder, opening possibilities for tax avoidance by multinationals and raising tough jurisdictional issues when resource deposits cross frontiers. Continue reading
Filed under: developing countries, Economic research, Fiscal policy, growth, infrastructure, International Monetary Fund, oil, taxation | Tagged: cross-border linkages, developing countries, extractive industries, IMF, iMFdirect blog, infrastructure, Mauritania, minerals, natural resources, oil, sustainable growth, taxation, technology, transfer pricing | Leave a comment »