Format:
Online-Ressource (33 p)
Edition:
Online-Ausg.
ISBN:
1451861613
,
9781451861617
Series Statement:
IMF Working Papers Working Paper No. 05/142
Content:
This paper uses a dynamic computable general equilibrium model (CGE) to analyze the macroeconomic and redistributive effects of replacing turnover and financial transaction taxes in Brazil by a consumption tax. In order to approximate Brazil''s compliance with its fiscal adjustment targets, the proposed reform is subject to a non increasing path for the level of public debt. Despite an increase in the average consumption tax rate in the first years after the reform, a majority of individuals experienced an increase in their lifetime welfare. This result rejects the hypothesis that the on-going fiscal adjustment effort carried on by the Brazilian government was an obstacle to the implementation of a more efficient tax system
Additional Edition:
Erscheint auch als Druck-Ausgabe Lledo, Victor Tax Systems Under Fiscal Adjustment: A Dynamic CGE Analysis of the Brazilian Tax Reform Washington, D.C. : International Monetary Fund, 2005 ISBN 9781451861617
Language:
English
DOI:
10.5089/9781451861617.001
