Developing a National Policy for Taxing Natural Resources

Description

Introduction

This training will assist participants in designing effective taxation policies for natural resources, including navigating complex trade-offs between economic, environmental, and social objectives. Key considerations include determining appropriate tax rates, balancing revenue generation with industry competitiveness, addressing distributional impacts, and ensuring transparency and accountability in revenue management.

This course will also focus on policy effectiveness depending on the broader institutional context, including governance capacity, regulatory enforcement mechanisms, and stakeholder engagement processes.

Course Content 

• Revenue Generation
• Environmental Conservation
• Resource Conservation and Equity
• Fiscal Stabilization
• Geopolitical Considerations

Learning Objective 

• Understand natural resource taxation’s economic, environmental, and social significance.
• Analyse the various objectives and considerations in designing taxation policies for natural resources.
• Evaluate the effectiveness of different tax instruments and mechanisms in achieving policy goals such as revenue generation, environmental conservation, and social equity.
• Communicate findings, insights, and policy recommendations effectively through written reports, presentations, and policy briefs.
• Engage in informed debates and discussions on contemporary issues, challenges, and emerging trends in natural resource taxation, drawing on interdisciplinary perspectives from economics, environmental science, law, and public policy.