Program
Subjects
Works
Book Types
Back to issue
Cover of: Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium
Antonio Estache, Gaetan Nicodeme, Omar Chisari

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

Section: Articles
Volume 72 (2016) / Issue 2, pp. 125-157 (33)
Published 09.07.2018
DOI 10.1628/001522116X14617591044578
  • article PDF
  • available
  • 10.1628/001522116X14617591044578
Summary
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.