Core References

• Resetting Price Controls for Privatized Utilities: A Manual for Regulators Washington, D.C.: World Bank, 1999, Chapters 5 and 7. Green, Richard, and Martin Rodriguez Pardina

  Discusses effects of corporate taxes on regulated companies, including the effects on cash flow and the cost of debt.

• The Economics of Regulation: Principles and Institutions Cambridge, MA: MIT Press, 1988, Reissue Edition, vol. I, Chapter 2. Kahn, Alfred

  Discusses effects of corporate taxes on cash flow and the cost of debt.

• Rate Case and Audit Manual Washington, D.C.: National Association of Regulatory Utility Commissioners, 2003. NARUC Staff Subcommittee on Accounting and Finance

  Describes treatment of taxes for calculating revenue requirement, applying tax reserves, and estimating tax effects.

Sectoral References

TRANSPORTATION

• Road User Taxation in Selected OECD Countries Sub-Saharan Africa Transport Policy Program Working Paper Series, number 3, World Bank, Washington, D.C., 1993. Creightney, Cavelle

  Examines issues related to road user taxation, in a selection of "most successful countries". On the basis of six case studies, provides a comparative review of policy towards road user taxation, as well as each country's approach towards determining the actual rate, or level of tax. Portrays the decision-making process, and the balance between theoretical organization considerations on the one hand, and broader economic, or political considerations on the other. While the focus of this paper is on a selection of developed countries, it is intended to provide insights for developing practical guidelines that improve road users' taxes in Sub-Saharan Africa.

Key Words

Taxes, Assets, Depreciation, Taxation, Cost of capital, Debt, Cash flow