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

Omar Chisari, Antonio Estache and Gaëtan Nicodème ()

Working Papers ECARES from ULB -- Universite Libre de Bruxelles

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: taxation; financial sector; VAT; sales tax; modeling; Belgium (search for similar items in EconPapers)
JEL-codes: H20 H25 H30 H87 (search for similar items in EconPapers)
Pages: 28 p.
Date: 2013-01
New Economics Papers: this item is included in nep-acc, nep-cmp and nep-pbe
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https://dipot.ulb.ac.be/dspace/bitstream/2013/1367 ... ODEME-efficiency.pdf 2013-01-CHISARI_ESTACHE_NOCODEME-efficiency (application/pdf)

Related works:
Journal Article: Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium (2016) Downloads
Working Paper: Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium (2013) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eca:wpaper:2013/136761

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