01693cas a2200241 a 4500 AALejournalIMF007786 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451920888 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. The Relative Impact of Income and Consumption Taxes. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (27 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 examines the possibility of ascertaining the welfare changes that occur when a consumption tax replaces an equal-yield income tax. It finds that those with saving/income ratios greater than the social saving/income ratio under the income tax will surely benefit and those with ratios smaller than the social rate under the consumption tax will surely be harmed. These conditions are in each case sufficient to guarantee these results-but not necessary. Some can be better off and others worse off without these conditions holding. It is thus theoretically impossible to predict the welfare effects on many taxpayers of the tax shift from the observable data. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/024 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/024/001.1988.issue-024-en.xml IMF e-Library