Distortionary Taxation and the Debt Laffer Curve:
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 w...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1992
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Schriftenreihe: | IMF Working Papers
Working Paper No. 92/10 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (24 p) |
ISBN: | 1451926545 9781451926545 |
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spelling | Husain, Aasim M. Verfasser aut Distortionary Taxation and the Debt Laffer Curve Husain, Aasim M Washington, D.C International Monetary Fund 1992 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 92/10 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 Online-Ausg http://elibrary.imf.org/view/IMF001/01775-9781451926545/01775-9781451926545/01775-9781451926545.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Husain, Aasim M. Distortionary Taxation and the Debt Laffer Curve |
title | Distortionary Taxation and the Debt Laffer Curve |
title_auth | Distortionary Taxation and the Debt Laffer Curve |
title_exact_search | Distortionary Taxation and the Debt Laffer Curve |
title_exact_search_txtP | Distortionary Taxation and the Debt Laffer Curve |
title_full | Distortionary Taxation and the Debt Laffer Curve Husain, Aasim M |
title_fullStr | Distortionary Taxation and the Debt Laffer Curve Husain, Aasim M |
title_full_unstemmed | Distortionary Taxation and the Debt Laffer Curve Husain, Aasim M |
title_short | Distortionary Taxation and the Debt Laffer Curve |
title_sort | distortionary taxation and the debt laffer curve |
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