TY  - BOOK
AU  - Lledo,Victor Duarte
TI  - Tax Systems Under Fiscal Adjustment: A Dynamic CGE Analysis of the Brazilian Tax Reform 
T2  - IMF Working Papers; Working Paper
SN  - 1451861613 :
SN  - 1018-5941
PY  - 2005///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Computable General Equilibrium Models
KW  - imf
KW  - Computable General Equilibrium
KW  - Macroeconomic Aspects of Public Finance
KW  - Macroeconomic Policy
KW  - Subsidies
KW  - Tax Burden
KW  - Brazil
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/06729-9781451861617/06729-9781451861617/06729-9781451861617.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451861617
ER  -