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Discussion Paper Details

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Full Details

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

Author(s): Omar Chisari, Antonio Estache and Gaëtan Nicodème

Publication Date: January 2013

Keyword(s): Belgium, financial sector, modeling, sales tax, taxation and VAT

Programme Area(s): Public Economics

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.

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Bibliographic Reference

Chisari, O, Estache, A and Nicodème, G. 2013. 'Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=9320