Taxation in Agriculture

This review of taxation in agriculture in 35 OECD countries and emerging economies outlines the diversity of tax provisions affecting agriculture, provides an overview of cross-country differences in tax policy, and confirms the widespread use of tax concessions specifically for agriculture, althoug...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: OECD
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Paris : OECD Publishing, 2020.
Temas:
Agriculture > Taxation.
Agriculture > Impôts.
Agriculture > Taxation
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Intro
  • Foreword
  • Executive summary
  • Part I. Taxation in Agriculture: Main report
  • Part I. Taxation in Agriculture: Main report
  • Chapter 1. Impact of taxation in agriculture: Literature review
  • 1.1. Background
  • 1.2. Impact of income tax on income levels and variability
  • 1.3. Impact of property taxes on farm transfers and structural adjustment
  • 1.4. Impact of taxation on investment and innovation
  • 1.5. Performance of tax instruments for improving environmental sustainability
  • Energy taxes, including carbon taxes
  • Transport taxes
  • Pollution taxes
  • Resource taxes
  • 1.6. Summary
  • Notes
  • Chapter 2. Cross country comparison of taxation in agriculture
  • 2.1. General observations
  • 2.2. Agricultural tax policy changes since the early 2000s
  • 2.3. Overview of special tax provisions for agriculture by countries
  • 2.4. Taxes on income, profits and capital gains, and related concessions in agriculture
  • Ability to use cash accounting rather than accrual methods
  • Simplified accounting with taxable incomes calculated on the basis of standard or notional income and expenses
  • Taxes levied on income from real estate instead of actual farm activities
  • Tax exemptions
  • Special allowances
  • Tax exemptions for small or low income farmers
  • Tax exemptions for subsidies
  • Tax exemptions for income from particular products
  • Tax exemptions for income from particular regions
  • Tax exemptions for income from young farmers' activities
  • Income averaging, income smoothing, deferrals and income offsetting schemes
  • Valuation of livestock for tax purposes
  • Special treatment of capital consumption estimation (depreciation) in calculating income, in particular accelerated rates or write-off
  • Capital gains exemptions
  • 2.5. Taxes on corporate income and related concessions in agriculture
  • 2.6. Taxes on property and related concessions in agriculture
  • Exemptions from paying land taxes
  • Valuation of land for tax purposes that is lower than its market value
  • Discounted tax rates for property taxes
  • Discounts on land taxes to discourage land abandonment and encourage farming practices
  • Exemptions from paying local or regional business taxes
  • Transfer/acquisition and stamp duty concessions
  • Inheritance and gift tax concessions
  • 2.7. Taxes on goods and services and fuels and related concessions in agriculture
  • Fuel tax concessions
  • 2.8. Environmental taxes and related concessions in agriculture
  • 2.9. Tax incentives for R&D and innovation and the uptake by the agricultural sector
  • Note
  • Chapter 3. Conclusions and next steps
  • References
  • Annex A. Questionnaire on taxation in food and agriculture
  • Questionnaire coverage and definitions
  • Response rate
  • Questionnaire
  • A. Overview
  • B. Income taxation
  • C. Property taxation
  • D. Tax on goods and services
  • E. Environmental taxes

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