| Description |
1 online resource (23 pages) : illustrations |
| Series |
IMF working paper ; WP/03/167 |
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IMF working paper ; WP/03/167.
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| Summary |
This paper provides an overview of diamond mining in sub-Saharan African countries, and explores the reasons for substantial differences in their tax rates and fiscal revenues from the sector, which mainly arise from differences in the incentives for smuggling. In a theoretical model, we show that optimal diamond tax rates increase with the degree of competition among diamond buyers, as well as with the corporate share of diamond production, which is confirmed by the data. We then discuss policies to increase revenue, including by enhancing mining productivity, stimulating the exploration of new areas, reducing barriers to entry, and attracting investment into value-adding downstream operations |
| Bibliography |
Includes bibliographical references (pages 24-27) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Tax evasion -- Africa, Sub-Saharan
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Diamond smuggling -- Africa, Sub-Saharan
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Diamond industry and trade -- Taxation -- Africa, Sub-Saharan
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Diamond smuggling
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Tax evasion
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Sub-Saharan Africa
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| Form |
Electronic book
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| Author |
Vocke, Matthias, author
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International Monetary Fund. Research Department.
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International Monetary Fund. African Department
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| ISBN |
1282046152 |
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9781282046153 |
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