Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Finance Department, issuing body.
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| ISBN: | 1282447858
9781282447851
9781451906974
1451906978
1462314511
9781462314515
145275621X
9781452756219
9786613821058
6613821055
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| Notes: | "July 2005."
Includes bibliographical references (pages 31-33).
English.
Online resource; title from title screen (viewed July 18, 2008).
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| Summary: | 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.
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