Fair and Competitive Fiscal Framework + Extractive Industries
Projects By Topic
CCSI is working with a number of governments and civil society organizations to provide advice on various issues relating to the regulatory regime for their extractive industries sector. Cameroon: Fiscal analysis of the proposed Sundance iron ore project, and fiscal tool to estimate the government revenues from the proposed Herakles Farms palm oil plantation project… read more
In partnership with the Carter Center, CCSI developed two economic models for the Sicomines mine in the DRC to compare the financial flows under the resource for infrastructure deal with a ‘traditional’ contract under the mining code of the DRC. The collaboration agreement between the Congolese Government and a consortium of Chinese companies is one… read more
Alongside growing revenue and contract transparency, increasing model transparency is needed. Only with financial model transparency can relevant actors better assess whether contracts are balanced in terms of fiscal returns and understand when revenues start flowing to the government. CCSI strongly supports financial model transparency and has developed two open fiscal models. We are currently… read more
Designing a Legal Regime to Capture Capital Gains Tax on Indirect Transfers of Mineral and Petroleum Rights: A Practical Guide
Building on the momentum created by the Platform for Collaboration on Tax’s draft paper regarding taxing indirect transfers of source country assets, CCSI and the International Senior Lawyers Project (ISLP) wrote a paper providing practical guidance to developing country governments on the taxation of indirect transfers of extractive industries’ assets. Indirect transfers occur when—instead of selling the asset—the… read more
CCSI is researching several aspects of designing and implementing a fiscal regime in an attempt to find legal and fiscal elements that can help avoid unanticipated consequences or disputes between the investor and the government over the course of the investment.
Against the backdrop of highly profitable deals concluded between companies transferring project shares, CCSI has researched the challenges of imposing a Capital Gains Tax. The attached note outlines some scenarios by which direct and indirect transfers of project shares may take place, to serve as a broad checklist in designing regulations for a capital gains tax… read more
CCSI strongly supports the transparency of contracts and tax flows and has published various research and papers making the business case for transparency, including two submissions to the SEC in 2011 and 2015.