The Treatment of Financial Services Under a Broad-Based Consumption Tax

William Jack

CEPR Discussion Papers from Centre for Economic Policy Research, Research School of Economics, Australian National University

Abstract: This paper examines the appropriate taxation of financial services under a broad-based consumption tax. It is assumed that the underlying objective of the consumption tax is to maintain undistorted prices between current and future consumption (i.e. to impose no distortion on savings decisions) and, in a model with uncertainty, between consumption in different states of the world.

Keywords: FINANCIAL MARKET; TAXATION; FISCAL POLICY (search for similar items in EconPapers)
JEL-codes: G18 H25 L51 (search for similar items in EconPapers)
Pages: 14 pages
Date: 1998
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:auu:dpaper:394

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