No Business Taxation Without Model Representation : Adding Corporate Income and Cash Flow Taxes to GIMF

Author/Editor:

Benjamin Carton ; Emilio Fernández Corugedo ; Benjamin L Hunt

Publication Date:

November 17, 2017

Electronic Access:

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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. 17/259

Subject:

English

Publication Date:

November 17, 2017

ISBN/ISSN:

9781484326015/1018-5941

Stock No:

WPIEA2017259

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

61

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