Lessons and Prospects
Joint Conference with the International Monetary Fund and the Oxford Centre for the Analysis of Resource Rich Economies
WEDNESDAY MAY 19
4 pm to 5.30 pm
(registration and coffee from 3.30pm, drinks reception at 5.30pm)
One Great George Street, London. SW1P 3AA
For countries with large endowments of natural resources, there are few areas of economic policy in which the payoff to good decisions is so high—and the punishment of bad ones so dire—as in the design of fiscal regimes for their discovery, development, and extraction. Dealing with the extreme price volatility so evident in recent times, the combination of enormous upfront costs and long production periods, and the exhaustibility of these resources poses continuing challenges, for both advanced and developing countries.
A book just published by the IMF, The Taxation of Petroleum and Minerals: Principles, Problems and Practice, reviews experience and recent thinking on these topics. This conference will bring together industry, practitioners and academic experts to take stock of practice in this area—which is one that cash-strapped governments in many countries are sure to show even greater interest in coming years.
Speakers will include:
- Philip Daniel, Deputy Head of the Tax Policy Division in the Fiscal Affairs Department of the International Monetary Fund and co-editor of the IMF book
- Michael Devereux, Director, Oxford University Centre for Business Taxation
- Chris Lenon, Global Head of Taxation, Rio Tinto and Chair, Taxation and Fiscal Policy Committee of the Business and Industry Advisory Committee to the OECD
- Tony Venables, Director, Oxford Centre for the Analysis of Resources Rich Economies
For information on how to register for this event, please contact cbtevents@sbs.ox.ac.uk .
The IMF book can be purchased online at www.imfbookstore.org.