Discussion paper

DP9320 Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium

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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Citation

Estache, A and G Nicodème (2013), ‘DP9320 Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium‘, CEPR Discussion Paper No. 9320. CEPR Press, Paris & London. https://cepr.org/publications/dp9320