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

Omar Chisari, Antonio Estache and Gaëtan Nicodème

FinanzArchiv: Public Finance Analysis, 2016, vol. 72, issue 2, 125-157

Abstract: This paper assesses the effects of applying a VAT or a sales tax on (intermediate or final) sales of the financial sector. It uses a computable general equilibrium (CGE) model calibrated for a small open economy. It highlights the differentiated sectorial and redistribution effects of these taxes and shows the importance of the financial openness of the economy on these results.

Keywords: taxation; financial sector; VAT; sales tax; GEM (search for similar items in EconPapers)
JEL-codes: H20 H25 H30 H87 (search for similar items in EconPapers)
Date: 2016
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Related works:
Working Paper: Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium (2013)
Working Paper: Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:mhr:finarc:urn:sici:0015-2218(201606)72:2_125:eaeeot_2.0.tx_2-h

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DOI: 10.1628/001522108X14617591044578

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