Tax evasion and austerity-plan failure

Francesco Pappadà, Yanos Zylberberg, 3 February 2014

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Austerity plans in southern European countries (Greece, Portugal, Spain, and Italy) have so far yielded mixed results (Salto 2013). On the one hand, the primary budget balances of these countries have improved, and their risk premiums are now stabilised at a much lower level than during the crisis peak.

Topics: Financial markets, Taxation
Tags: austerity, credit, European sovereign debt crisis, Greece, tax evasion, transparency, VAT

Tax incidence in the presence of tax evasion

Wojciech Kopczuk, Justin Marion, Erich Muehlegger, Joel Slemrod, 30 September 2013

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As many countries struggle with large deficits, some are looking to respond by cracking down on tax evasion. For example, Greece’s medium-term fiscal program assumes an improvement in tax collection of 1.5% of GDP. Achieving such a result generally involves increasing deterrence, by upping enforcement and raising penalties.

Topics: Taxation
Tags: tax evasion

Public-debt crises and bad equilibria: Lessons from the GIIPS Countries

Maurizio Bovi, 2 December 2011

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All the GIIPS countries (Greece, Italy, Ireland, Portugal and Spain) have been hit by the current government debt crisis (see eg Manasse and Trigilia 2011).

Topics: Institutions and economics
Tags: institutions, public debt, tax evasion

Can financial sector reform help bring informal firms into the formal sector?

Thorsten Beck, Chen Lin, Yue Ma, 13 October 2010

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While the global crisis has amply demonstrated the economic fragilities that a highly evolved financial sector can create, it is important not to “throw the baby out with the bath water”. The financial sector is critical to the economy. The important connection between financial development and growth is supported by a growing literature (Levine 2005).

Topics: Development, Taxation
Tags: financial development, informal sector, tax evasion, taxation

Treasury vs dodgers: A tale of fiscal consolidation and tax evasion

Maurizio Bovi, 30 May 2010

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A number of European countries – Portugal, Italy, Greece, Spain, and, most recently, Ireland – face public debt sustainability problems (Cabral 2010).

Topics: Europe's nations and regions
Tags: Eurozone crisis, Fiscal crisis, tax evasion

Lessons from the Russia’s 2001 Flat Tax Reform

Yuriy Gorodnichenko, Jorge Martinez-Vazquez , Klara Sabirianova Peter, 19 February 2008

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Tax evasion is a pervasive worldwide phenomenon. It is widely believed that high personal income tax rates are partially responsible for high levels of tax evasion everywhere, especially in emerging markets. High personal income tax rates are also often associated with negative effects on the real side of the economy.

Topics: Taxation
Tags: flat tax, Russia, tax evasion

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