The Case for Windfall Taxes – a guide to optimal resource taxation
• In 2012, government expenditure worldwide was USD 28 656 billion. Total tax burden was USD 18 821 billion.
• This huge discrepancy can be reduced by closing loopholes in tax systems and preventing capital flight
• This report is about analyzing and fixing loopholes in tax systems – increasing cost-efficiency and ensuring fairer competition in extractive industries.
Written by: Frian Aarsnes, co-author Olav Lundstøl
Publication date: November 2013