From revenue to value added taxes: welfare and fiscal efficiency effects in Brazil

this paper presents an evaluation of the economic impacts from the taxation reform of pis/pasep and cofins that started to be collected by two regimes (cumulative and non-cumulative) associated to domestic flows and to levy imports. the evaluation made with a computable general equilibrium model adapted to new fiscal system characteristics indicates that the effects of this reform would have deteriorated macroeconomic, labor market and welfare indicators.