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Extractive Industries Rent Distribution in Perú

Extractive Industries Rent Distribution in Perú. Carlos Monge Revenue Watch Institute Latin America Regional Office London, March 2013. Diverse Mechanisms for Rent Management. Diverse Criteria for Rent Distribution. Canon Concept. History of Canon Legislation.

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Extractive Industries Rent Distribution in Perú

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  1. Extractive Industries RentDistribution in Perú Carlos MongeRevenueWatchInstituteLatinAmerica Regional Office London, March 2013

  2. DiverseMechanismsforRent Management

  3. DiverseCriteriaforRentDistribution

  4. Canon Concept

  5. History of Canon Legislation

  6. Producingdistrictalsoparticipates in the 25% and 40% allocations

  7. Mining Royalty

  8. New ContributionsfromMining Sector • SpecialTax and SpecialContribution • Variable ratesdependingonoperativegain (incometaxdeductible) • Allpaymentsgoto central government • Lessincometax = lessresourcesfor sub nationalgovernments

  9. ResourceConcentrationin Regional Governments

  10. ResourceConcentrtion in FewSubnationalGovernments 6 municipalitiesconcentrate 12.6% of allmining canon resourcestransferedto local governments *datos para el 2012

  11. The 4 municipalitiesreceivingthemost canon resourceshaveover 6 mil per cápita soles *datos para el 2012

  12. IncreasingFlexibility in Use Rules

  13. Canon Spentby Regional Governments

  14. InvestmentCapacitybyLevel of Government

  15. Regional GovernmentsInvestmentPriorities

  16. Macro Impact of ExtractiveRentEvidence of Dutch Disease

  17. Local Impact of ExtractiveInvestments and Rent Limited Local Content Cholo Disease Extractiverentisinvested in physicalinfrastructure Sub nationalgovernmentsincreasedailywagesan d distortthe local labourmarkets Other more sustainable and more inclusive activities (such as agriculture) loosecapacityto compete Extractivesgeneratedrent can makerenewable natural resourcesbasedproductiveactivitiesunsustainable • Largeextractiveinvestmentshirelittle local labour • Largeextractiveinvestmentsaquiresmallammounts of local goods and services • Rural populations compete withlargescaleinvestmentsforurbangoods and services • Largeextractiveinvestmentscoexistwith rural poverty and mightworsenit

  18. No Positive RelationsBetweenMining and Wellbeing

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