Bad taxation: disintermediation and illiquidity in a bank account debits tax model

dc.contributor.authorAlbuquerque, Pedro H.
dc.coverage.paisNão Informadopt_BR
dc.creatorAlbuquerque, Pedro H.
dc.date.accessioned2024-02-08T19:59:57Z
dc.date.available2024-02-08T19:59:57Z
dc.date.issued2006
dc.description.abstractThis paper uses a dynamic general equilibrium model to study the economic effects of bank account debits (BAD) taxation. Australia and various Latin American countries have levied or levy BAD taxes. Aspects such as financial disintermediation, market illiquidity, and impacts on dividend and interest rates are considered. Part of the BAD tax revenue may be fictitious, due to increased interest payments on government debt. The Brazilian BAD tax (CPMF) experience is evaluated. The empirical analysis confirms some theoretical predictions. Incidence base over GDP appears to be sensitive to the tax rate, possibly engendering a Laffer curve. The tax may also cause real interest rates to increase. Furthermore, the deadweight losses are relatively large, even if revenues are small. The theoretical and empirical results suggest that the BAD tax is not adequate for revenue collection.pt_BR
dc.description.notesProdução vinculada ao Insper Conhecimento.pt_BR
dc.format.extentp. 601 - 624pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.issn1573-6970pt_BR
dc.identifier.issn0927-5940pt_BR
dc.identifier.issue5pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/6414
dc.identifier.volume13pt_BR
dc.language.isoInglêspt_BR
dc.publisherKluwer Academic Publisherspt_BR
dc.relation.ispartofInternational Tax and Public Financept_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.pt_BR
dc.titleBad taxation: disintermediation and illiquidity in a bank account debits tax modelpt_BR
dc.typeworking paper
dspace.entity.typePublication
local.subject.capesCiências da Saúdept_BR
local.typeWorking Paperpt_BR

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