Evaluation of Taxes and Revenues from the Energy Sector in the Baltics, Russia, and Other Former Soviet Union Countries

78 Pages Posted: 15 Feb 2006

See all articles by Dale F. Gray

Dale F. Gray

International Monetary Fund (IMF); MF Risk

Date Written: March 1998

Abstract

This paper examines the level and structure of fiscal revenues from the Baltics, Russia, and other former Soviet Union countries` (BRO) energy sector and suggests reforms in energy tax policy. Revenues from the oil and gas sectors are about half the level that might be expected from international comparisons. Low oil revenues result from infrastructure constraints on oil exports, weak tax administration, and inappropriate tax structures. Low gas revenues are due to low statutory tax rates, a tax structure that does not capture monopoly or resource rents, and weak tax administration. Taxation of oil products could be increased.

Keywords: tax policy, petroleum, natural resources, regulation, energy, natural monopoly

JEL Classification: H2, L1, L5, L71, L95, P2

Suggested Citation

Gray, Dale F., Evaluation of Taxes and Revenues from the Energy Sector in the Baltics, Russia, and Other Former Soviet Union Countries (March 1998). IMF Working Paper, Vol. , pp. 1-78, 1998. Available at SSRN: https://ssrn.com/abstract=882275

Dale F. Gray (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

MF Risk

5921 Searl Terrace
Bethesda, MD 20816

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