Tax Efficiency in an Open Economy
Download or Read eBook Tax Efficiency in an Open Economy PDF written by Mr.W. R. M. Perraudin and published by International Monetary Fund. This book was released on 1990-10-01 with total page 14 pages. Available in PDF, EPUB and Kindle.
Author | : Mr.W. R. M. Perraudin |
Publisher | : International Monetary Fund |
Total Pages | : 14 |
Release | : 1990-10-01 |
ISBN-10 | : 9781451950663 |
ISBN-13 | : 1451950667 |
Rating | : 4/5 (63 Downloads) |
Book Synopsis Tax Efficiency in an Open Economy by : Mr.W. R. M. Perraudin
Book excerpt: This note assesses the relative efficiency of different tax bases in an open economy. If terms of trade effects are large, lump-sum taxation may be inferior to distortionary consumption or wage taxes. This result is demonstrated analytically using a simple neoclassical model. An overlapping generations, general equilibrium, simulation model is then employed to show the empirical significance of the effects involved.