01684cas a2200265 a 4500 AALejournalIMF001532 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451926545 1018-5941 BD-DhAAL BD-DhAAL Husain, Aasim. Distortionary Taxation and the Debt Laffer Curve / Aasim Husain. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper highlights the importance of the role of the domestic tax system in determining the economic consequences of an external debt overhang. A simple taxation scheme is specified and it is shown that a country can be on the 'wrong side' of its debt Laffer curve only if it is on the wrong side of its tax Laffer curve. The analysis indicates that fairly strong, and probably unrealistic, assumptions about the domestic tax system are needed to argue that the investment disincentives associated with the debt overhang are large enough to place a country on the wrong side of its debt Laffer curve. Mode of access: Internet Laffer Curve imf WP imf IMF Working Papers; Working Paper ; No. 1992/010 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/010/001.1992.issue-010-en.xml IMF e-Library