Today ISLP and CCSI have published a paper which focuses on issues and responses that developing country governments could consider if they decide to tax indirect transfers of extractive industries’ assets. The paper explores the legislative and regulatory provisions currently in use across a range of jurisdictions and weighs up their pros and cons. It also covers the impact of bilateral tax treaties.
“It has been great to work closely with CCSI and the ISLP team who have produced this paper which is intended to be of real practical assistance to governments seeking to capture a fair share of revenues from major extractive industries transactions. ISLP’s growing tax focus area benefits hugely from strong collaborations like this, and hopefully we will continue to work closely with CCSI in the future. Special thanks go also to ISLP’s volunteer expert, John Bush, who co-authored the paper.” James Reynolds, former Program Director.
Read the paper in full here: Designing a Legal Regime to Capture Capital Gains Tax- CCSI/ISLP – Oct 2017