Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium

This paper assesses the effects of applying VAT or a sales tax on (intermediate or final) sales of the financial sector. It uses a CGE Model calibrated for a small open economy. It highlights the differentiated sectoral and redistributional effects of these taxes and shows the importance of the financial openness of the economy on these results.

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Year of publication:	2013-01
Authors:	Chisari, Omar ; Estache, Antonio ; Nicodème, Gaëtan
Institutions:	European Centre for Advanced Research in Economics and Statistics (ECARES), Solvay Brussels School of Economics and Management
Subject:	taxation \| financial sector \| VAT \| sales tax \| modeling \| Belgium

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Extent:	application/pdf
Series:	Working Papers ECARES.
Type of publication:	Book / Working Paper
Notes:	Published by: The text is part of a series ECARES Working Papers Number ecares 2013-01 28 pages long
Classification:	H20 - Taxation, Subsidies, and Revenue. General ; H25 - Business Taxes and Subsidies ; H30 - Fiscal Policies and Behavior of Economic Agents. General ; H87 - International Fiscal Issues
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011031495