%0 Article
%T The design of forest taxation: A synthesis with new directions.
%A Amacher, Gregory S.
%D 1997
%J Silva Fennica
%V 31
%N 1
%R doi:10.14214/sf.a8513
%U https://silvafennica.fi/article/5612
%X <p>In this paper, different approaches and results concerning forest tax design are reviewed. In particular, comparisons are made between Scandinavian approaches, which rely on the two-period model, and North American approaches, which largely rely on the Faustmann model. Existing work is critically evaluated according to several stylized facts that are common among forest taxation problems. These include the second-best forest policy environment, joint production of public and private forest goods, the dynamic nature of forest capital, public and private ownership, competition between forest and non-forest sectors, and global policy constraints on taxation design. The gaps in addressing stylized facts are used to motivate new research directions. Problems and appropriate public finance literature are identified for investigating forest tax policy under government budget constraints, fiscal federalism, dynamic forest tax design, open economy forest tax policy, and econometric studies of reform. One conclusion reached from discussing future research is that two period and dynamic models will continue to prove useful in analysing taxation design from the government's perspective.</p>