The state of resource taxation in Australia: 'An inexcusable folly for the nation'?

This article discusses the principal claims made for the Resource Rent Tax (RRT) by Garnaut and Clunies‐Ross (1975, 1979) relating to its efficiency and potential for generating tax revenue relative to other forms of resource taxation, and also their concern about the greater uncertainty of these revenues. An analysis of the risk‐return trade‐off associated with a shift from ad valorem royalties to an RRT finds this shift to be worthwhile. Estimates are also provided of the foregone tax revenue from the North West Shelf associated with the use of ad valorem royalties rather than the RRT.


Issue Date:
1999-09
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/117145
PURL Identifier:
http://purl.umn.edu/117145
Published in:
Australian Journal of Agricultural and Resource Economics, 43, 3
Page range:
259-278
Total Pages:
20




 Record created 2017-04-01, last modified 2019-08-26

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