01905cas a2200253 a 4500 AALejournalIMF003699 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861754 1018-5941 BD-DhAAL BD-DhAAL Thomas, Saji. Forestry Taxation in Africa : The Case of Liberia / Saji Thomas, Arnim Schwidrowski. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Countries generally tax the forestry sector to achieve the twin objectives of revenue maximization and sustainability of logging levels. In an ideal world of perfect markets and information, auctions would be the best instrument to determine the price of extraction rights. However, a number of factors-including a lack of information on the forest resources under consideration, uncertainties as to the stability of property rights over time, and a lack of access to credit-have limited the use of auctions so far, particularly in low-income countries. To establish transparency of the forestry sector's financial flows, this paper discusses a radical simplification of Liberia's current timber tax structure, including a proposal to reduce the sector's current tax system to two instruments, an area tax and an export tax. Mode of access: Internet Schwidrowski, Arnim. IMF Working Papers; Working Paper ; No. 2005/156 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/156/001.2005.issue-156-en.xml IMF e-Library