Artur Swistak's Books

Value Added Tax in the Extractive Industries

By: Artur Swistak,Nate Vernon

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Value Added Tax in the Extractive Industries

By: Artur Swistak,Nate Vernon

Lower capacity countries often struggle to administer the Value Added Tax (VAT) in the extractive industries, partly due to the large VAT refunds needs of this capital and export-intensive sector. Assuming that the first-best policy (apply the standard VAT to the extractive industry) is not possible in the medium-term, what should countries do? This paper systemically analyzes second-best VAT policy designs considering the impact of the VAT on three key stakeholders: the investor, domestic suppliers, and the tax administration. The analysis concludes that the generally preferred policy is to provide a VAT exemption for imports and either fully tax or exempt domestic supplies, although country characteristics (and, specifically the relative weighting of stakeholders) matter. Moreover, governments should make efforts to shorten refund delays and transition to a standard VAT over the longer-term.

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International Monetary Fund

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ISBN 13

9798400258145

How Should Shale Gas Extraction Be Taxed?

By: Philip Daniel,Alan Krupnick,Ms.Thornton Matheson,Peter Mullins,Ian Parry,Artur Swistak

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How Should Shale Gas Extraction Be Taxed?

By: Philip Daniel,Alan Krupnick,Ms.Thornton Matheson,Peter Mullins,Ian Parry,Artur Swistak

This paper suggests that the environmental and commercial features of shale gas extraction do not warrant a significantly different fiscal regime than recommended for conventional gas. Fiscal policies may have a role in addressing some environmental risks (e.g., greenhouse gases, scarce water, local air pollution) though in some cases their net benefits may be modest. Simulation analyses suggest, moreover, that special fiscal regimes are generally less important than other factors in determining shale gas investments (hence there appears little need for them), yet they forego significant revenues.

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International Monetary Fund

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ISBN 10

1484329570

ISBN 13

9781484329573

Designing a Progressive VAT

By: Artur Swistak,Rita de la Feria

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Designing a Progressive VAT

By: Artur Swistak,Rita de la Feria

This paper presents a novel approach to addressing VAT regressivity, by proposing the adoption of a progressive VAT: a single-rate, broad-base, VAT, whereby tax paid on consumption is re-paid to lower income households in real-time, at the moment of purchase. Such a system can effectively eliminate regressivity, while minimizing the political economy, cash-flow, and welfare stigma obstacles that are often associated with standard welfare transfers used in modern VAT systems. It would also have other significant advantages, particularly in terms of compliance incentives.

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International Monetary Fund

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ISBN 13

9798400271830

How to Manage Value-Added Tax Refunds

By: Mario Pessoa,Andrew Okello,Artur Swistak,Muyangwa Muyangwa,Virginia Alonso-Albarran,Vincent de Paul Koukpaizan

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How to Manage Value-Added Tax Refunds

By: Mario Pessoa,Andrew Okello,Artur Swistak,Muyangwa Muyangwa,Virginia Alonso-Albarran,Vincent de Paul Koukpaizan

The value-added tax (VAT) has the potential to generate significant government revenue. Despite its intrinsic self-enforcement capacity, many tax administrations find it challenging to refund excess input credits, which is critical to a well-functioning VAT system. Improperly functioning VAT refund practices can have profound implications for fiscal policy and management, including inaccurate deficit measurement, spending overruns, poor budget credibility, impaired treasury operations, and arrears accumulation.This note addresses the following issues: (1) What are VAT refunds and why should they be managed properly? (2) What practices should be put in place (in tax policy, tax administration, budget and treasury management, debt, and fiscal statistics) to help manage key aspects of VAT refunds? For a refund mechanism to be credible, the tax administration must ensure that it is equipped with the strategies, processes, and abilities needed to identify VAT refund fraud. It must also be prepared to act quickly to combat such fraud/schemes.

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International Monetary Fund

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ISBN 10

1513577042

ISBN 13

9781513577043

How Should Shale Gas Extraction Be Taxed?

By: Philip Daniel,Alan Krupnick,Ms.Thornton Matheson,Peter Mullins,Ian Parry,Artur Swistak

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How Should Shale Gas Extraction Be Taxed?

By: Philip Daniel,Alan Krupnick,Ms.Thornton Matheson,Peter Mullins,Ian Parry,Artur Swistak

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International Monetary Fund

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ISBN 10

1484328493

ISBN 13

9781484328491

Book's by Artur Swistak

Value Added Tax in the Extractive Industries

Value Added Tax in the Extractive Industries

How Should Shale Gas Extraction Be Taxed?

How Should Shale Gas Extraction Be Taxed?

Designing a Progressive VAT

Designing a Progressive VAT

How to Manage Value-Added Tax Refunds

How to Manage Value-Added Tax Refunds

How Should Shale Gas Extraction Be Taxed?

How Should Shale Gas Extraction Be Taxed?

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