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

Antonio Estache, Nicodème, Gaëtan and Omar Chisari
Authors registered in the RePEc Author Service: Gaetan J.A. Nicodeme

No 9320, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: 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.

Keywords: Belgium; Financial sector; Modeling; Sales tax; Taxation; Vat (search for similar items in EconPapers)
JEL-codes: H20 H25 H30 H87 (search for similar items in EconPapers)
Date: 2013-01
New Economics Papers: this item is included in nep-acc, nep-cmp and nep-pbe
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Related works:
Journal Article: Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium (2016)
Working Paper: Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium (2013)
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