The paper evaluates the economic and fiscal impacts in Canada of the exploration tax credit introduced in December 1985. It has examined such issues as the extent of exploration directly attributable to the credit, the cost of the credit to the federal government in forgone tax revenue, the...

The paper develops a regional general equilibrium model of the Canadian economy to analyze the sectoral and regional impacts of the major changes to the Canadian sales tax system. The results indicate that replacing the federal sales tax with the goods and service tax increases real output in...

This paper examines a number of characteristics of East European economies-i.e., the degree of state ownership and public sector social expenditure- and considers the type of tax policies that would be appropriate for the immediate future. The conclusions are that the tax policies needed by...

This paper evaluates the strategic options available to a juice drink manufacturing company in Cyprus who is facing serious problems of survival in an aggressive and rapidly changing market environment. Following an initial screening of possible investments based on qualitative evaluation of the...

This paper is about the feasibility of a gold mine in Papua New Guinea (PNG), with particular emphasis on fiscal issues involved in a mining project. The study begins by considering the market for gold and a description of the technical aspects of the Misima gold mine in PNG. The financial...

The 1986 tax reform in Bolivia was one of the most radical effective changes of tax policies that any country has undertaken in modern times. After the reform the country was left with a uniform rate of tariff, a uniform value added tax, a set of taxes to complement the vat, a set of excise...

In 1989 the government of Sri Lanka appointed a commission to undertake a comprehensive analysis of its tax system. The commission completed its work in 1990 and published its findings in the Report of The Taxation Commission, 1990, Sessional paper No. 1- June 1991. This report is a...

Indirect taxes currently account for more than 50 percent of the government of Zambia’s non-capital recurrent revenues. For 1990, it is estimated that customs duties accounted for about 25 per cent of total indirect taxes, with import sales amounting to 34 per cent, local sales taxes 18 per...

Historically, one of the most fruitful applications of financial and economic cost-benefit analysis has been in electricity systems planning. Because of the capital intensive nature of the production technology and the possibilities of substitution between capital and fuel, the potential for...

Given the beleaguered state of public social security systems in the former socialist countries of Eastern Europe, especially their massive and growing pension liabilities, some form of funded private pension scheme should be considered. Nominally high payroll taxes which cannot be collected...