Consultation on policy papers is now open!
Help Shape the Future of Resource Taxation
- Share your thoughts on these innovative policy papers by sending written feedback to Secretariat@IGFMining.org by January 16, 2023.
The policy papers
- A Guaranteed Profit Share for Government: As good as it sounds
- Carbon Border Adjustment Mechanisms and Carbon Prices: Taxing mining for the energy transition
- Competitive Bidding for Mining Licenses
- Designing and Implementing Production Sharing Contracts for the Mining Sector
- Development Turnover Tax
- Improving the Monitoring of Quarry Production with Remote Monitoring Technologies
- Increasing Fiscal Benefits through Commercial State-Owned Enterprises in the Mining Sector
- Using the Sixth Method to Simplify the Pricing of Related Party Mineral Sales and Safeguard Mining Revenues
- Variable Royalties: An answer to volatile mineral prices
The mining sector is at a nexus of important global phenomena: the impact of climate change and the push to green the world economy, the development of new technologies affecting labour markets, and global momentum against inequalities and in favour of tax reforms. These trends are raising the importance of mining both for its mineral and financial outputs. In this context, governments will need new and innovative fiscal measures to protect the public’s financial interests during the next generation of resource extraction. As such, the IGF partnered with the African Tax Administration Forum (ATAF) in 2020 to launch an ambitious project: The Future of Resource Taxation.
The Future of Resource Taxation rethinks how developing countries benefit financially from their mineral resources. The project is a dedicated dialogue for governments, civil society, and industry to exchange ideas on how the current system of mining taxation can be improved and identify new, innovative fiscal options for resource-rich countries to maximize the returns from their mineral wealth.
The project will be delivered in three phases:
- Researching fiscal policy to develop a deep understanding of its role in mining-sector investment—as well as how and why minerals are currently taxed—with an eye to unfolding changes in the sector and their effects on how financial benefits flow to governments.
- Crowdsourcing ideas and innovative approaches to fiscal regime design and administration for the mining sector—from incremental reforms to more fundamental changes.
- Assessing the proposals, specifically looking at feasibility, impacts for investment, project development, and government revenues. Proposals that are innovative, forward-looking, responsive to global trends, and suitable for developing countries will be selected for further research.
The final output will be a handbook containing a menu of ideas to improve mining revenue collection and a framework to help policy-makers think through these options. The handbook will be released for public consultation before being presented for endorsement by ATAF and IGF members.
How are we conducting this research?
Surveying governments on fiscal objectives and challenges related to mining revenue collection
We surveyed officials from 49 countries in Africa, Asia, and South America to identify fiscal objectives and revenue collection challenges related to the mining sector. Read our blog with survey findings and analysis.
Crowdsourcing ideas from non-governmental organizations, civil society organizations, academia, and industry
In 2021, we invited people from various non-governmental institutions to submit innovative policy ideas–ranging from incremental reforms to fundamental changes–to help resource-rich developing countries maximize revenues from mining.