Chapter 1. Financial Inclusion and the Middle of the Pyramid, a New Public Revenue Strategy for the 21st Century -- Chapter 2. Public Revenue, Financial Inclusion and Value Added Tax in Argentina -- Chapter 3. Financial Inclusion and Value-Added Taxes in Argentina, Brazil and Chile

This paper estimates the effect of a temporary and large (21 p.p.) value-added tax (VAT) cut along with anti-profiteering measures on food necessities during a period of high inflation in Argentina. Using barcode-level data across more than 3,000 supermarkets, we find that (1) absent the...

This paper analyzes the effectiveness of thin-capitalization rules in preventing debt finance by intercompany loans and explores their consequences for corporate decisions. A theoretical discussion emphasizes that limitations of the deduction of interest owed to foreign affiliates would not only...