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Persistent link: https://www.econbiz.de/10010479408
lower tax revenue relative to OECD countries and have tax structures that rely excessively on corporate-income taxes (CIT …) while personal-income taxes (PIT) remain largely underutilized. LAC countries could strengthen their PIT to mobilize revenue …-to attract investment and alleviate profit shifting, and on broadening the corporate tax base. Value-added taxes (VAT) could be …
Persistent link: https://www.econbiz.de/10013170577
Using a DSGE model calibrated to the euro area, we analyze the international effects of a fiscal devaluation (FD) implemented as a revenue-neutral shift from employer's social contributions to the Value Added Tax. We find that a FD in ‘Southern European countries’ has a strong positive...
Persistent link: https://www.econbiz.de/10014411809
This paper uses a computable general equilibrium model of the economy of Trinidad and Tobago to assess the effects of trade liberalization and terms-of-trade shocks on the real exchange rate and the overall fiscal position of the government. The model is also used to evaluate the implications of...
Persistent link: https://www.econbiz.de/10014398103