Fiscal Regime Implementation

In this chapter, Matthew Genasci discusses contract-based systems, including both production sharing arrangements and service contracts, in comparison to royalty tax systems. He explains service contacts, which in essence involve a fee-for-service type arrangement. He discusses how the impact of progressivity or regressivity of a fiscal regime on the government and the investor and the effect of the large up-front capital expenditure, required for most extractive projects, on fiscal regime design. Finally, he examines how all of these fiscal tools fit together and looks at progressive tax instruments.

This video is licensed under the CC BY-NC-SA license.