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Tax Systems Under Fiscal Adjustment
Victor Duarte Lledo
其他書名
A Dynamic CGE Analysis of the Brazilian Tax Reform
出版
International Monetary Fund
, 2005-07-01
主題
Business & Economics / Public Finance
Business & Economics / Economics / Macroeconomics
Business & Economics / Taxation / General
ISBN
1451861613
9781451861617
URL
http://books.google.com.hk/books?id=N1pVzQEACAAJ&hl=&source=gbs_api
註釋
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.
