Tax systems under fiscal adjustment : a dynamic CGE analysis of the Brazilian tax reform /

Tax systems under fiscal adjustment : a dynamic CGE analysis of the Brazilian tax reform /

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Bibliographic Details
Author / Creator:	Lledó, Victor Duarte, author.
Imprint:	Washington, D.C. : International Monetary Fund, Finance Dept., ©2005.
Description:	1 online resource (33 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/05/142 IMF working paper ; WP/05/142.
Subject:	Taxation -- Brazil -- Econometric models. Fiscal policy -- Brazil -- Econometric models. Fiscal policy -- Econometric models. Taxation -- Econometric models. Brazil.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12494863

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

Description
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.
Item Description:	"July 2005."
Physical Description:	1 online resource (33 pages) : illustrations
Bibliography:	Includes bibliographical references (pages 31-33).
ISBN:	1282447858 9781282447851 9781451906974 1451906978 1462314511 9781462314515 145275621X 9781452756219 9786613821058 6613821055