Relatório Técnico de Pesquisa
URI permanente desta comunidadehttps://repositorio.insper.edu.br/handle/11224/6038
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Resultados da Pesquisa
Relatório de pesquisa The bank debit tax in Colombia(2003) Restrepo, María Angélica Arbeláez; Burman, Leonard; Zuluaga, Sandra ConsueloColombia has had a bank debit tax (BDT) since 1998. It was originally enacted as a temporary measure to finance the bailout of bankrupt financial institutions. The BDT is one variant of the broader class of taxes on financial transactions. The Colombian BDT, known formally as the Gravamen a los Movimientos Financieros (GMF), is a tax on withdrawals from savings and checking accounts, credit card transactions, loan disbursements, and certain other transactions. It was originally imposed at a 0.2 percent rate, and increased to 0.3 percent and made permanent in 2001. The tax is an important source of tax revenue to Colombia, contributing revenues equal to about 0.8 percent of GDP. The tax is similar in concept to the currency transactions tax proposed by Nobel Laureate James Tobin in the late seventies.1 Although Tobin’s proposal sought to reduce the volatility of international financial markets, Latin American countries have been attracted to the BDT primarily because it raises a lot of money at what seems to be a low tax rate (Coelho et.al. 2001). Although all taxes have costs, the BDT may be especially burdensome. The BDT is a tax on financial intermediation. As such, it tends to encourage disintermediation. The tax is also tantamount to a cascading sales tax in sectors of the economy that use the banking system to facilitate transactions. Both of these factors create efficiency costs for the Colombian economy. This paper examines the economic effects of the BDT in Colombia through its effects on cash demand, net interest margins and profitability of financial intermediaries, and using a general equilibrium model to estimate the welfare cost in the real sector. A concluding section makes policy recommendations.Relatório de pesquisa The determinants of the sharp improvement in income distribution in Brazil(2010) RICARDO PAES DE BARROSRelatório de pesquisa Challenging Inequalities: Pathways to a Just World -The Brazilian Progress and Challenges Towards Meeting the 10th Sustainable Development Goal(2019) RICARDO PAES DE BARROS; Franco, Samuel; Machado, Laura MullerRelatório de pesquisa Making Growth Inclusive and Equitable(2016) RICARDO PAES DE BARROS; Coutinho, Diana; Mendonça, Rosane; Franco, SamuelRelatório de pesquisa Estimating the impact of daycare on child development and women welfare(2008) RICARDO PAES DE BARROS; Carvalho, Mirela de; Domingues, Laura; Franco, Samuel; Olinto, Pedro; Rosalém, AndrezzaRelatório de pesquisa Planning and Monitoring without Governance: where may it lead us?(2016) RICARDO PAES DE BARROS; Coutinho, Diana; Franco, Samuel; Rosa, Gabriela GallRelatório de pesquisa Jovem de Futuro and a Design Based Implementation Research Strategy(2019) RICARDO PAES DE BARROSRelatório de pesquisa Evaluatinhg the Impact of Daycare on Child Development and parents Welfare(2009) RICARDO PAES DE BARROS; Carvalho, Mirela de; Franco, Samuel; Olinto, Pedro; Rosalém, AndrezzaRelatório de pesquisa Assessment of the Impact of the Jovem de Futuro Program on Learning(2019) RICARDO PAES DE BARROS; Machado, Laura Muller; Henriques, Ricardo; Garcia, Beatriz; Franco, Samuel; Carvalho, Mirela deRelatório de pesquisa Sustainable Inclusive Growth in Brazil: Past Achievements and Challenges Ahead(2017) RICARDO PAES DE BARROS; Coutinho, Diana; Cuffa, Marina de; Franco, Samuel; Garcia, Beatriz; Mendonça, Rosane; Machado, Laura Muller; Soares, Camila