01627cas a2200241 a 4500 AALejournalIMF010061 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451964271 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. International Effects of Tax Reforms. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (37 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 significance of open-economy considerations in the analysis of tax reforms. It focuses on domestic and international consequences of revenue-neutral conversion between income and value-added tax systems. The principal result is that the direction of changes in key macroeconomic variables consequent on such tax conversions depends critically on the current account position. For example, a conversion from an income to a value-added tax system lowers the world interest rate if the country adopting the reform runs a surplus in the current account of its balance of payments, and vice versa. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/062 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/062/001.1988.issue-062-en.xml IMF e-Library