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Tax Reform and Debt Sustainability in Germany: An Assessment Using the Global Fiscal Model

Tax Reform and Debt Sustainability in Germany: An Assessment Using the Global Fiscal Model by Dennis P. J. Botman
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In 2005, the German government announced a far-reaching fiscal adjustment program. This paper uses the IMF’s Global Fiscal Model to study its impact and explores options for addressing long-term pressures from population aging. The growth effects of the planned VAT increase are likely modest, largely owing to the stimulating effect of other tax reductions. The reform will improve the long-term debt path but achieving fiscal sustainability requires further adjustment over the medium term. An additional package of expenditure restraint, entitlement reform, and tax-base broadening compares favorably to other adjustment options. Spillover effects to trading partners of these policies are modest.
International Monetary Fund; February 2007
30 pages; ISBN 9781452702704
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Title: Tax Reform and Debt Sustainability in Germany: An Assessment Using the Global Fiscal Model
Author: Dennis P. J. Botman; Stephan Danninger
 
ISBNs
1451910630
9781451866100
9781451910636
9781452702704