Regulation and Tax in Space, authored by a tax attorney having first-hand knowledge of the aerospace issues involved, is the pioneer to delve deep into the yet-to-be-resolved practicalities of taxation of resources mined in space. By international consensus, space is considered as commons for all humanity. Now, however, as space activities and technologies are chiefly focused on commercial interests in extraterrestrial mineral resources, the mechanisms for allocating space mining must be sketched out to balance the efficient use of resources with a fair and stable tax system.
What’s in this book:
Arguing that the space mining industry should be regulated to ensure that a stable fiscal regime will finance the costs of conservation and utilization of space resources, the author advocates an international royalty system to help achieve industry goals, such as efficiency, administrative convenience, and sustainability. The book explores the following aspects of the topic:
How this will help you:
As governments and private entities worldwide invest in space-appropriate technologies and exploration evolves towards permanent presence in space colonies, this exhaustive analysis of alternatives for choosing the optimal resource management regime in space and for shaping a unique tax regime for the emerging space industry furnishes concerned policymakers with guidelines that commit to fortify a practical, affordable, and sustainable development of the space economy. Lawyers working for or representing companies engaged in or contemplating space activities, policymakers, and anyone interested in taxation will welcome this signal contribution to a growing field of human endeavor.
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