01798cas a2200241 a 4500 AALejournalIMF008845 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861617 1018-5941 BD-DhAAL BD-DhAAL Lledo, Victor. Tax Systems Under Fiscal Adjustment : A Dynamic CGE Analysis of the Brazilian Tax Reform / Victor Lledo. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (33 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 uses a dynamic computable general equilibrium model (CGE) to analyze the macroeconomic and redistributive effects of replacing turnover and financial transaction taxes in Brazil by a consumption tax. In order to approximate Brazil's compliance with its fiscal adjustment targets, the proposed reform is subject to a non increasing path for the level of public debt. Despite an increase in the average consumption tax rate in the first years after the reform, a majority of individuals experienced an increase in their lifetime welfare. This result rejects the hypothesis that the on-going fiscal adjustment effort carried on by the Brazilian government was an obstacle to the implementation of a more efficient tax system. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2005/142 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/142/001.2005.issue-142-en.xml IMF e-Library