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2 edition of Tax systems under fiscal adjustment found in the catalog.

Tax systems under fiscal adjustment

Victor Duarte LledГі

Tax systems under fiscal adjustment

a dynamic CGE analysis of the Brazilian tax reform

by Victor Duarte LledГі

  • 206 Want to read
  • 11 Currently reading

Published by International Monetary Fund, Finance Dept. in Washington, D.C .
Written in English

    Subjects:
  • Taxation -- Brazil -- Econometric models.,
  • Fiscal policy -- Brazil -- Econometric models.

  • About the Edition

    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.

    Edition Notes

    Statementprepared by Victor Duarte Lledó.
    SeriesIMF working paper -- WP/05/142
    ContributionsInternational Monetary Fund. Finance Dept.
    The Physical Object
    Pagination33 p. :
    Number of Pages33
    ID Numbers
    Open LibraryOL20273541M

      For the full fiscal year , we currently expect revenue of $ million to $ million, and GAAP net income of $ million to $ million, or . Fiscal Politics edited by Vitor Gaspar, Sanjeev Gupta, and Carlos Mulas-Granados, published by the IMF in March, discusses how politics, through elections, political fragmentation, or ideological biases, can distort optimal fiscal policy, and how fiscal rules and institutions can mitigate the resulting negative effects. The book is the first.


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Tax systems under fiscal adjustment by Victor Duarte LledГі Download PDF EPUB FB2

Downloadable. 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.

Get this from a library. Tax systems under fiscal adjustment: a dynamic CGE analysis of the Brazilian tax reform. [Victor Duarte Lledó; International Monetary Fund.

Finance Department,] -- 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.

often requires adjusting fiscal policy, as well as strengthening fiscal insti-tutions. Fiscal adjustment may involve either tightening or loosening the fiscal stance, depending on each country’s circumstances.1 This paper updates and replaces the original pamphlet, Guidelines for Fiscal Adjustment.

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