No Business Taxation Without Model Representation: Adding Corporate Income and Cash Flow Taxes to GIMF
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary:
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper documents the incorporation of corporate income, cash-flow and destination based cash-flow taxes into the model. The analysis presented considers the transmission mechanism of these taxes and details how financial frictions interact with each of the taxes.
Series:
Working Paper No. 2017/259
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Cash-flow tax Corporate income tax Corporate taxes Crime Taxes Value-added tax
English
Publication Date:
November 17, 2017
ISBN/ISSN:
9781484326015/1018-5941
Stock No:
WPIEA2017259
Pages:
61
Please address any questions about this title to publications@imf.org