01816cas a2200313 a 4500 AALejournalIMF007933 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843170 1018-5941 BD-DhAAL BD-DhAAL Tanzi, Vito. Theory and Policy : A Commenton Dixit andon Current Tax Theory / Vito Tanzi. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (12 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 In a recent paper Professor Dixit criticized the argument that when collection lags characterize tax systems, recourse to inflationary finance should be minimized. He argued that, in such case, rather than minimizing recourse to inflationary finance, the rates of the commodity taxes should be adjusted to maintain them at an optimal level and, thus, to minimize welfare costs. This paper shows that the requirements for following Dixit's policy prescription are almost impossible to meet. The paper argues that more attention should be paid by tax theorists to the constraints under which tax reforms are made. Mode of access: Internet Cost imf Dixit imf Inflation Tax imf Tax Rate imf WP imf Brazil imf IMF Working Papers; Working Paper ; No. 1992/015 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/015/001.1992.issue-015-en.xml IMF e-Library