AN EVALUATION OF ALTERNATIVE TAX SYSTEMS APPLICABLE TO THE MINERAL INDUSTRIES

Before discussing the specific proposal of the resource rent tax developed in the paper by Ross Garnaut and Anthony C. Ross the advantages and disadvantages inherent in the four broad takes applicable to the mining sector are considered. In this way, we will have a better understanding of the attractions and pitfalls inherent in the specific scheme for mineral taxation that has been outlined by Garnaut and Ross. The paper emphasizes the importance of the administrative complexity of levying take particular tax in determining its effectiveness in practice.