Resource rent tax
Tax on surplus value of resource exploitation
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Related on Lably
Through Exploitation of natural resources and Aquaculture
Resource rent taxes are particularly prevalent in the mining and petroleum industries. Australia's Minerals Resource Rent Tax covers rents in the mining industry. Norway introduced a resource rent tax on aquaculture (i.e., salmon and trout farming) in 2023, and resource rent tax on onshore wind energy effective January 1, 2024. In Iceland, a resource rent tax has been placed on fishing industry profits. In Switzerland, there is a resource rent tax on hydropower.
Some other countries that apply resource rent tax include:
- Australia
- United Kingdom
- Canada
- Russia
- Azerbaijan
- Madagascar
- Ghana
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