Economic and Social Incentives for Tax Compliance: Evidence from a Field Experiment in Germany
|
|
- Hope Atkins
- 6 years ago
- Views:
Transcription
1 Economic and Social Incentives for Tax Compliance: Evidence from a Field Experiment in Germany Nadja Dwenger (MPI) Henrik Kleven (LSE) Imran Rasul (UCL) Johannes Rincke (Univ. of Erlangen-Nuremberg) July 2014 NBER Summer Institute, Cambridge
2 A Tax Compliance Puzzle? Gap between theory and evidence: Theory predicts low compliance under low audit probabilities or penalties (Becker-Allingham-Sandmo) Evidence shows high compliance in modern tax systems despite low audit probabilities and penalties Closing the gap: Third-party information creates large detection probabilities conditional on evading Misperception of enforcement parameters Social incentives and psychology
3 Economic and Social Incentives Economic incentives (pecuniary): Deterrence and tax policy Social incentives (non-pecuniary): Recognition, duty, social norms, guilt, shame etc. Studying social incentives is di cult: measurement, variation We consider a setting in which we can distinguish economically and socially motivated individuals We vary economic and social incentives in a eld experiment
4 Local Church Tax in Germany: Key features Feature 1: tax and charity Legal obligation to pay for church members Overpayments are encouraged and represent donations Feature 2: true tax base is observable True tax base for church = reported taxable income to government Distinguish evaders, compliers & donors Feature 3: zero deterrence in the baseline Church never cross-checks reports against income tax returns Baseline compliance = social motivation (+ misperception)
5 Local Church Tax in Germany: Identifying Motivation Baseline behavior (p = 0) reveals motivation: Baseline evaders: economically motivated Baseline compliers: socially motivated Baseline donors: strongly socially motivated Compliance type is very persistent prior to experiment: We de ne types based simply on one pre-treatment year Each type could be subject to misperception (p > 0): Estimate misperception via (randomized) communication of p = 0 Separate misperception from motivation
6 Outline 1. Conceptual framework 2. Context, design and data 3. Findings (a) Baseline compliance under zero deterrence: Amount of social motivation, duty to comply (b) Randomized eld experiment: Economic incentives, social incentives 4. Conclusion
7 Warm-Glow Model of Tax Compliance Model that uni es two classic frameworks Becker-Allingham-Sandmo model: economic incentives Andreoni warm-glow model: social incentives Allows for coexistence of three types of individuals: Evaders: economically motivated Compliers: socially motivated [bunching due to both penalty and duty-to-comply preferences] Donors: strongly socially motivated Model generates type-speci c predictions on treatment responses
8 Local Church Tax in Germany Compulsory by law for all church members above 18 years of age Membership by baptism; possible to quit church 60% of the population are members Overpayments are encouraged and de ned as donations Our focus: Protestant church tax in a large metropolitan area in Bavaria Progressive schedule Concern with external validity: stakes are relativey small
9 Local Church Tax in Germany: Tax Schedule
10 Experimental Design Manipulations of the o cial tax noti cation from the Protestant church in a large metro area of Bavaria Individuals randomly assigned to di erent treatment letters: Tax simpli cation Zero deterrence Positive Deterrence (audit probabilities; audit probability notch) Social and monetary compliance rewards Social norms and moral appeal Randomization successful across all letter groups All treatments were truthfully implemented
11 Data Linked administrative panel data : Church District tax records State personal income tax records About 40,000 individuals per year with information on church tax paid, true taxable income, and personal characteristics Individual records of tax compliance for up to 4 years pre-treatment
12 Outline 1. Conceptual framework 2. Context, design and data 3. Findings (a) Baseline compliance under zero deterrence: Amount of social motivation, duty to comply (b) Randomized eld experiment: Economic incentives, social incentives 4. Conclusion
13 Finding 1: Social Motivation is Substantial (or Not) Under zero deterrence, predicted compliance is zero absent social motivation But a signi cant fraction of individuals comply: 20% of individuals make payment true taxes owed 80% of individuals make payment < true taxes owed (and most of them pay zero) Implications for the compliance puzzle debate: The Becker-Allingham-Sandmo model is 20% wrong, 80% right
14 Compliance Under Zero Deterrence [Distributions of Payment Made vs Payment Owed] (Control Group)
15 Finding 2: Duty to Comply Sharp bunching at exact compliance under zero deterrence: No monetary discontinuity at exact compliance under zero deterrence ) Discontinuous social motivation to exactly comply with the law ) naturally labelled as duty to comply Reverse bunching approach : Normally bunching identi es response to discontinuous incentive, assuming smooth preferences Here bunching identi es discontinuity in preferences given smooth incentives
16 Duty to Comply [Bunching at Exact Compliance Under Zero Deterrence] (Control Group)
17 Outline 1. Conceptual framework 2. Context, design and data 3. Findings (a) Baseline compliance under zero deterrence: Amount of social motivation, duty to comply (b) Randomized eld experiment: Economic incentives, social incentives 4. Conclusion
18 Finding 3: Simpli cation Matters, Misperception Less So Tax Simpli cation: Baseline evaders: strong positive e ect on compliance Baseline donors: no signi cant e ect Misperception of Audit Probability: Baseline evaders: weak positive e ect on compliance Baseline donors: no signi cant e ect
19 Tax Simpli cation: Total Response Impacts [Heterogeneity Across Compliance Types] (Tax Simpli cation vs Control Group) Full Sample Baseline Evaders (Economically Motivated) Baseline Donors (Socially Motivated) Probability of Evading Evasion Rate Probability of Evading Evasion Rate Probability of Donating Increased Donation Rate Tax Simplification 2.45** 3.17*** 2.66*** 3.36*** (0.971) (0.910) (0.747) (0.732) (6.97) (27.88) Compliance in omitted reference group 79.29% 76.35% 94.98% 92.35% 62.34% 9.09% Number of Observations
20 Tax Simpli cation: Total Response Impacts [Distributional E ects on Baseline Evaders] (Tax Simpli cation vs Control Group)
21 Correcting Misperception: Total Response Impacts [Heterogeneity Across Compliance Types] (Zero Audit Probability vs Tax Simpli cation Group) Full Sample Baseline Evaders (Economically Motivated) Baseline Donors (Socially Motivated) Probability of Evading Evasion Rate Probability of Evading Evasion Rate Probability of Donating Increased Donation Rate Correcting Misperception ** 1.41* (0.889) (0.857) (0.715) (0.720) (5.78) (37.38) Compliance in omitted reference group 77.30% 73.37% 92.35% 88.69% 61.63% 5.71% Number of Observations
22 Correcting Misperception: Total Response Impacts [Distributional E ects on Baseline Evaders] (Zero Audit Probab vs Tax Simpli cation Group)
23 Finding 4: Deterrence Works Baseline evaders: compliance increases with audit probability Signi cant increases for uniform audit probabilities of 10%, 20%, 50% Stronger e ects for notched audit probability Baseline donors: weak e ect of audit probability Weak e ect on probability of donating but no e ect on donation amount Crowd-in of social motivation (social image concerns, perception of fairness, relative warm-glow e ects)
24 Positive Audit Probability: Total Response Impacts [Heterogeneity Across Compliance Types] (Positive Audit Probability Groups vs Zero Audit Probability Group) Full Sample Baseline Evaders (Economically Motivated) Baseline Donors (Socially Motivated) Probability of Evading Evasion Rate Probability of Evading Evasion Rate Probability of Donating Increased Donation Rate Deterrence 3.13*** 2.80*** 3.12*** 2.81*** 7.07* (0.660) (0.627) (0.536) (0.534) (4.22) (22.20) Compliance in omitted reference group 78.04% 74.52% 93.80% 90.43% 61.72% 8.16% Number of Observations
25 Positive Audit Probability: Total Response Impacts [Distributional E ects on Baseline Evaders] (Positive Audit Probability Groups vs Zero Audit Probability Group)
26 E ect of Audit Notch Treatment (Audit Probability Notch vs Zero Audit Probability Group)
27 Finding 5: Compliance E ects of Perceived Penalty Audit results suggest a perceived penalty of being caught evading But we can provide direct evidence using a novel bunching approach: Asymmetric treatment of evaders (expected penalty proportional to p) and donors (no monetary penalty) Penalty kink at the point of exact compliance! bunching But there is also bunching due to duty-to-comply. Hence we consider Change in bunching when moving from p = 0 (only duty-to-comply) to p > 0 (duty-to-comply + perceived penalty)
28 Perceived Penalty [Bunching at Exact Compliance] (Positive Audit Probability Groups vs Simpli cation Group)
29 Outline 1. Conceptual framework 2. Context, design and data 3. Findings (a) Baseline compliance under zero deterrence: Amount of social motivation, duty to comply (b) Randomized eld experiment: Economic incentives, social incentives 4. Conclusion
30 Finding 6: Recognition Works on the Socially Motivated, Not on the Economically Motivated Social and monetary rewards create opposite e ects on the two types: Baseline donors increase donations Baseline evaders further reduce compliance Average e ect is strongly attenuated Interpretation: Rewarding compliers (rather than punishing evaders) highlights voluntary contribution aspect and downplays mandatory tax aspect
31 Recognition: Total Response Impacts [Heterogeneity Across Compliance Types] (Reward Groups vs Tax Simpli cation Group) Full Sample Baseline Evaders (Economically Motivated) Baseline Donors (Socially Motivated) Probability of Evading Evasion Rate Probability of Evading Evasion Rate Probability of Donating Increased Donation Rate Compliance Rewards * 1.20* ** (0.821) (0.789) (0.664) (0.666) (4.95) (32.80) Compliance in omitted reference group 77.30% 73.37% 92.35% 88.69% 61.63% 5.71% Number of Observations
32 Compliance Rewards: Total Response Impacts [Distributional E ects on Baseline Evaders] (Social and Monetary Reward Groups vs Tax Simpli cation Group)
33 Conclusions Compelling evidence on the role of social incentives for tax compliance Direct evidence on social motivation from a zero deterrence baseline: Becker-Allingham-Sandmo model is 20% wrong, 80% right Study interaction between individual motivation and policy First integrated treatment of tax compliance and charitable giving Imperfectly enforced tax systems have an element of voluntary giving Does the unique setting pose a trade-o with external validity? Church members are not inherently more compliant than the overall population (Kleven et al. 2011)
Extrinsic and Intrinsic Motivations for Tax Compliance: Evidence from a Field Experiment in Germany
Extrinsic and Intrinsic Motivations for Tax Compliance: Evidence from a Field Experiment in Germany Nadja Dwenger (MPI) Henrik Kleven (LSE) Imran Rasul (UCL) Johannes Rincke (Erlangen-Nuremberg) October
More informationExtrinsic and Intrinsic Motivations for Tax Compliance: Evidence from a Field Experiment in Germany
Extrinsic and Intrinsic Motivations for Tax Compliance: Evidence from a Field Experiment in Germany Nadja Dwenger, Henrik Kleven, Imran Rasul, Johannes Rincke May 2014 Abstract We study extrinsic and intrinsic
More informationeconstor Make Your Publications Visible.
econstor Make Your Publications Visible. A Service of Wirtschaft Centre zbwleibniz-informationszentrum Economics Dwenger, Nadja; Kleven, Henrik; Rasul, Imran; Rincke, Johannes Conference Paper Extrinsic
More informationExtrinsic and Intrinsic Motivations for Tax Compliance: Evidence from a Field Experiment in Germany
Extrinsic and Intrinsic Motivations for Tax Compliance: Evidence from a Field Experiment in Germany By Nadja Dwenger, Henrik Kleven, Imran Rasul, and Johannes Rincke We study extrinsic and intrinsic motivations
More informationDo Taxes Crowd Out Intrinsic Motivation? Field-Experimental Evidence from Germany
Do Taxes Crowd Out Intrinsic Motivation? Field-Experimental Evidence from Germany Pierre C. Boyer, Nadja Dwenger, Johannes Rincke July 30, 2015 Abstract This paper studies how imposing norms on contribution
More informationWho Pays Maine Use Tax?
Who Pays Maine Use Tax? David Gunter Maine Revenue Services Disclaimer: This presentation does not represent the views of Maine Revenue Services or the state of Maine. Maine use tax background 5% rate
More informationBehavioural insights and tax compliance: Evidence from large-scale field experiments in Belgium
Behavioural insights and tax compliance: Evidence from large-scale field experiments in Belgium Clement Imbert (Warwick) with Jan-Emmanuel De Neve (Oxford), Maarten Luts (FOD Finance), Johannes Spinnewijn
More informationEstimating Welfare in Insurance Markets using Variation in Prices
Estimating Welfare in Insurance Markets using Variation in Prices Liran Einav 1 Amy Finkelstein 2 Mark R. Cullen 3 1 Stanford and NBER 2 MIT and NBER 3 Yale School of Medicine November, 2008 inav, Finkelstein,
More informationTaxation and Development
Taxation and Development Henrik Kleven London School of Economics January 2017 1 / 51 What Separates PF-Devo From PF? PF-Devo is more than just studying taxation in developing countries Focus on tax enforcement
More informationStrictness of Tax Compliance Norms: A Factorial Survey on the Acceptance of Inheritance Tax Evasion in Germany
Strictness of Tax Compliance Norms: A Factorial Survey on the Acceptance of Inheritance Tax Evasion in Germany Martin Abraham, Kerstin Lorek, Friedemann Richter, Matthias Wrede Rational Choice Sociology
More informationOnline Appendix. Moral Hazard in Health Insurance: Do Dynamic Incentives Matter? by Aron-Dine, Einav, Finkelstein, and Cullen
Online Appendix Moral Hazard in Health Insurance: Do Dynamic Incentives Matter? by Aron-Dine, Einav, Finkelstein, and Cullen Appendix A: Analysis of Initial Claims in Medicare Part D In this appendix we
More informationIncreasing tax compliance auditing, appeals to tax morale, or both? A lab experiment.
Increasing tax compliance auditing, appeals to tax morale, or both? A lab experiment. Kristina M. Bott Norwegian School of Economics May 17, 2016 Abstract In a novel public good game design, this paper
More informationTax Morale. Erzo F.P. Luttmer and Monica Singhal
Tax Morale Erzo F.P. Luttmer and Monica Singhal Erzo F.P. Luttmer is Professor of Economics, Dartmouth College, Hanover, New Hampshire. Monica Singhal is Associate Professor of Public Policy, Harvard Kennedy
More informationTax Gap Map Tax Year 2006 ($ billions)
Tax Gap Map Tax Year 2006 ($ billions) Total Tax Liability $2,660 Gross Tax Gap: $450 (Voluntary Compliance Rate = 83.1%) Tax Paid Voluntarily & Timely: $2,210 Enforced & Other Late Payments of Tax $65
More informationTax Compliance by Trust and Power of Authorities Stephan Muehlbacher a ; Erich Kirchler a a
This article was downloaded by: [Muehlbacher, Stephan] On: 15 December 010 Access details: Access Details: [subscription number 931135118] Publisher Routledge Informa Ltd Registered in England and Wales
More informationhow can we explain the observed historical and comparative development of tax structures? A rapid survey about State s capacity to raise taxes
how can we explain the observed historical and comparative development of tax structures? A rapid survey about State s capacity to raise taxes Besley, Persson (2007a), The origin of state capacity: property
More informationTax Notches in Pakistan: Tax Evasion, Real Responses, and Income Shifting
Tax Notches in Pakistan: Tax Evasion, Real Responses, and Income Shifting Henrik Jacobsen Kleven, London School of Economics Mazhar Waseem, London School of Economics May 2011 Abstract Using administrative
More informationInvestment is one of the most important and volatile components of macroeconomic activity. In the short-run, the relationship between uncertainty and
Investment is one of the most important and volatile components of macroeconomic activity. In the short-run, the relationship between uncertainty and investment is central to understanding the business
More informationUsing Di erences in Knowledge Across Neighborhoods to Uncover the Impacts of the EITC on Earnings
Using Di erences in Knowledge Across Neighborhoods to Uncover the Impacts of the EITC on Earnings Raj Chetty, Harvard University and NBER John N. Friedman, Harvard University and NBER Emmanuel Saez, UC
More informationWho is audited? Experimental study on rule-based tax auditing schemes
Social Design Engineering Series SDES-2015-21 Who is audited? Experimental study on rule-based tax auditing schemes Yoshio Kamijo Kochi University of Technology Research Center for Social Design Engineering,
More informationStatistical Evidence and Inference
Statistical Evidence and Inference Basic Methods of Analysis Understanding the methods used by economists requires some basic terminology regarding the distribution of random variables. The mean of a distribution
More informationAre the Neighbors Cheating? Evidence from a Social Norm Experiment on Property Taxes in Peru. Job Market Paper
Are the Neighbors Cheating? Evidence from a Social Norm Experiment on Property Taxes in Peru Job Market Paper Lucia Del Carpio November 12, 2013 Abstract I study the role of norms on tax compliance through
More informationUniversity of Mannheim
Threshold Events and Identication: A Study of Cash Shortfalls Bakke and Whited, published in the Journal of Finance in June 2012 Introduction The paper combines three objectives 1 Provide general guidelines
More informationOnline Appendix. income and saving-consumption preferences in the context of dividend and interest income).
Online Appendix 1 Bunching A classical model predicts bunching at tax kinks when the budget set is convex, because individuals above the tax kink wish to decrease their income as the tax rate above the
More informationThe Welfare Cost of Asymmetric Information: Evidence from the U.K. Annuity Market
The Welfare Cost of Asymmetric Information: Evidence from the U.K. Annuity Market Liran Einav 1 Amy Finkelstein 2 Paul Schrimpf 3 1 Stanford and NBER 2 MIT and NBER 3 MIT Cowles 75th Anniversary Conference
More informationThe Minnesota Income Tax Compliance Experiment: Replication of the Social Norms Experiment
MPRA Munich Personal RePEc Archive The Minnesota Income Tax Compliance Experiment: Replication of the Social Norms Experiment Stephen Coleman Metropolitan State University November 2007 Online at http://mpra.ub.uni-muenchen.de/5820/
More informationUnwilling or Unable to Cheat? Evidence from a Randomized Tax Audit Experiment in Denmark
Unwilling or Unable to Cheat? Evidence from a Randomized Tax Audit Experiment in Denmark Henrik J. Kleven, London School of Economics Martin B. Knudsen, Danish Inland Revenue (SKAT) Claus T. Kreiner, University
More information1 A Simple Model of the Term Structure
Comment on Dewachter and Lyrio s "Learning, Macroeconomic Dynamics, and the Term Structure of Interest Rates" 1 by Jordi Galí (CREI, MIT, and NBER) August 2006 The present paper by Dewachter and Lyrio
More informationHow aggressive are foreign multinational companies in avoiding corporation tax?
How aggressive are foreign multinational companies in avoiding corporation tax? Evidence from UK con dential corporate tax returns. Katarzyna Anna Habu Oxford University Centre for Business Taxation and
More informationThe excess burden of tax evasion - An experimental detection-concealment contest
The excess burden of tax evasion - An experimental detection-concealment contest Ralph-C Bayer y and Matthias Sutter z September 17, 2008 Abstract Tax evasion may cause social welfare losses due to the
More informationInterim Rule 7-006: Institutional Financial Con icts of Interest for Research Involving Human Subjects OUTDATED
Interim Rule 7-006: Institutional Financial Con icts of Interest for Research Involving Human Subjects I. Purpose and Scope The University of Utah recognizes that certain interests held by the University
More informationreserve price effects in auctions: estimates from multiple rd designs
reserve price effects in auctions: estimates from multiple rd designs syngjoo choi lars nesheim imran rasul y march 2015 Abstract We present evidence from 260,000 online auctions of second-hand cars to
More informationReciprocal citizen Cuts in public spending reduce voluntary contributions in a field. experiment
Reciprocal citizen Cuts in public spending reduce voluntary contributions in a field experiment Andries Richter, Environmental Economics and Natural Resources group, Wageningen University, andries.richter@wur.nl
More informationLess Cheating? The Effects of Prefilled Forms on Compliance Behavior
Arbeitskreis Quantitative Steuerlehre Quantitative Research in Taxation Discussion Papers Martin Fochmann, Nadja Müller, Michael Overesch Less Cheating? The Effects of Prefilled Forms on Compliance Behavior
More informationIntertemporal Substitution in Labor Force Participation: Evidence from Policy Discontinuities
Intertemporal Substitution in Labor Force Participation: Evidence from Policy Discontinuities Dayanand Manoli UCLA & NBER Andrea Weber University of Mannheim August 25, 2010 Abstract This paper presents
More informationUsing Differences in Knowledge Across Neighborhoods to Uncover the Impacts of the EITC on Earnings
Using Differences in Knowledge Across Neighborhoods to Uncover the Impacts of the EITC on Earnings Raj Chetty, Harvard and NBER John N. Friedman, Harvard and NBER Emmanuel Saez, UC Berkeley and NBER April
More informationAltruism. Voluntary contributions to public goods in large economies (Corrected after the lecture) Readings
Altruism Voluntary contributions to public goods in large economies (Corrected 08.11.11 after the lecture) Readings Nyborg, K. and M. Rege, 2003: Does Public Policy Crowd Out Private Contributions to Public
More informationHow Do Exporters Respond to Antidumping Investigations?
How Do Exporters Respond to Antidumping Investigations? Yi Lu a, Zhigang Tao b and Yan Zhang b a National University of Singapore, b University of Hong Kong March 2013 Lu, Tao, Zhang (NUS, HKU) How Do
More informationThe Response of Drug Expenditure to Non-Linear Contract Design: Evidence from Medicare Part D
The Response of Drug Expenditure to Non-Linear Contract Design: Evidence from Medicare Part D Liran Einav, Amy Finkelstein, and Paul Schrimpf y August 2013 Abstract. We study the demand response to non-linear
More informationTax Credits Response to Tax Enforcement: Evidence from a Quasi-Experiment in Chile. January 2012
Tax Credits Response to Tax Enforcement: Evidence from a Quasi-Experiment in Chile Claudio A. Agostini * Claudia Martínez A. Universidad Adolfo Ibañez Universidad de Chile January 2012 Abstract Diesel
More informationAdjustment Costs, Firm Responses, and Labor Supply Elasticities: Evidence from Danish Tax Records
Adjustment Costs, Firm Responses, and Labor Supply Elasticities: Evidence from Danish Tax Records Raj Chetty, Harvard University and NBER John N. Friedman, Harvard University and NBER Tore Olsen, Harvard
More informationJulio Videras Department of Economics Hamilton College
LUCK AND GIVING Julio Videras Department of Economics Hamilton College Abstract: This paper finds that individuals who consider themselves lucky in finances donate more than individuals who do not consider
More informationWealth Taxation and Wealth Inequality: Evidence from Denmark,
Wealth Taxation and Wealth Inequality: Evidence from Denmark, 1980-2014 Katrine Jakobsen (University of Copenhagen) Kristian Jakobsen (Kraka) Henrik Kleven (London School of Economics) Gabriel Zucman (UC
More informationEcon 230B Graduate Public Economics. Tax evasion. Gabriel Zucman
Econ 230B Graduate Public Economics Tax evasion Gabriel Zucman zucman@berkeley.edu 1 Roadmap 1. The size of tax evasion 2. Why do people evade? 3. The supply side of evasion services 2 1 The size of tax
More informationEvidence from a tax audit experiment in Denmark. Claus Thustrup Kreiner University of Copenhagen, CESifo, CEPR, Danish Economic Council.
What makes tax payers comply? Evidence from a tax audit experiment in Denmark Claus Thustrup Kreiner University of Copenhagen, CESifo, CEPR, Danish Economic Council ECFIN Workshop November 2011 Overview
More informationPredictive Analytics and the Targeting of Audits
Predictive Analytics and the Targeting of Audits Nigar Hashimzade Durham University and Tax Administration Research Centre Gareth D. Myles y University of Exeter and Tax Administration Research Centre
More informationHow much tax do companies pay in the UK? WP 17/14. July Working paper series Katarzyna Habu Oxford University Centre for Business Taxation
How much tax do companies pay in the UK? July 2017 WP 17/14 Katarzyna Habu Oxford University Centre for Business Taxation Working paper series 2017 The paper is circulated for discussion purposes only,
More informationEmpirical Household Finance. Theresa Kuchler (NYU Stern)
Empirical Household Finance Theresa Kuchler (NYU Stern) Overview Three classes: 1. Questions and topics on household finance 2. Recent work: Online data sources 3. Recent work: Administrative data sources
More informationAppendix to: The Myth of Financial Innovation and the Great Moderation
Appendix to: The Myth of Financial Innovation and the Great Moderation Wouter J. Den Haan and Vincent Sterk July 8, Abstract The appendix explains how the data series are constructed, gives the IRFs for
More informationDomestic Revenue Mobilization: Challenges and Policy Solutions
Domestic Revenue Mobilization: Challenges and Policy Solutions Nada O Eissa Georgetown University, NBER &IGC MoPED & IGC Economic Growth Forum September 14, 2017 Outline 1. Motivation Medium term (infrastructure
More informationAn Analysis of Market-Based and Statutory Limited Liability in Second Price Auctions
MPRA Munich Personal RePEc Archive An Analysis of Market-Based and Statutory Limited Liability in Second Price Auctions Saral, Krista Jabs Florida State University October 2009 Online at http://mpra.ub.uni-muenchen.de/2543/
More informationDeterminants of Ownership Concentration and Tender O er Law in the Chilean Stock Market
Determinants of Ownership Concentration and Tender O er Law in the Chilean Stock Market Marco Morales, Superintendencia de Valores y Seguros, Chile June 27, 2008 1 Motivation Is legal protection to minority
More informationThe Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records
The Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records Michael Devereux y, Li Liu z and Simon Loretz x 31st October 2013 Abstract We use the population of UK corporation tax returns
More informationNBER WORKING PAPER SERIES IMPORTING CORRUPTION CULTURE FROM OVERSEAS: EVIDENCE FROM CORPORATE TAX EVASION IN THE UNITED STATES
NBER WORKING PAPER SERIES IMPORTING CORRUPTION CULTURE FROM OVERSEAS: EVIDENCE FROM CORPORATE TAX EVASION IN THE UNITED STATES Jason M. DeBacker Bradley T. Heim Anh Tran Working Paper 17770 http://www.nber.org/papers/w17770
More information4.2 What makes taxpayers comply? Lessons from a tax audit experiment in Denmark
4.2 What makes taxpayers comply? Lessons from a tax audit experiment in Denmark Claus Thustrup Kreiner * 4.2.1 Background How big a problem is tax evasion? Why do people evade taxes? What is the optimal
More informationA theoretical examination of tax evasion among the self-employed
Theoretical and Applied Economics FFet al Volume XXIII (2016), No. 1(606), Spring, pp. 119-128 A theoretical examination of tax evasion among the self-employed Dennis BARBER III Armstrong State University,
More informationEmpirical Approaches in Public Finance. Hilary Hoynes EC230. Outline of Lecture:
Lecture: Empirical Approaches in Public Finance Hilary Hoynes hwhoynes@ucdavis.edu EC230 Outline of Lecture: 1. Statement of canonical problem a. Challenges for causal identification 2. Non-experimental
More informationA Knowledge-Capital Model Approach of FDI in Transition Countries. Brindusa Anghel y Universitat Autònoma de Barcelona
A Knowledge-Capital Model Approach of FDI in Transition Countries Brindusa Anghel y Universitat Autònoma de Barcelona November 2006 This version: February 2007 Abstract. This paper aims at assessing the
More informationTaxation and Development from the WIDER Perspective
Taxation and Development from the WIDER Perspective Jukka Pirttilä (UNU-WIDER) UNU-WIDER 30th Anniversary Conference 1 / 29 Outline Introduction Modern public economics approach to tax analysis Taxes in
More informationTAXABLE INCOME RESPONSES. Henrik Jacobsen Kleven London School of Economics. Lecture Notes for MSc Public Economics (EC426): Lent Term 2014
TAXABLE INCOME RESPONSES Henrik Jacobsen Kleven London School of Economics Lecture Notes for MSc Public Economics (EC426): Lent Term 2014 AGENDA The Elasticity of Taxable Income (ETI): concept and policy
More informationGive More Tomorrow: A Field Experiment on Intertemporal Choice in Charitable Giving
Give More Tomorrow: A Field Experiment on Intertemporal Choice in Charitable Giving Anna Breman y Job Market Paper November 7, 2006 Abstract This paper conducts a eld experiment to explore inter-temporal
More informationThe elasticity of corporate taxable income: new evidence from UK tax records. Michael P Devereux, Li Liu and Simon Loretz WP 12/23
The elasticity of corporate taxable income: new evidence from UK tax records Michael P Devereux, Li Liu and Simon Loretz Oxford University Centre for Business Taxation Said Business School, Park End Street,
More informationPoverty Traps and Social Protection
Christopher B. Barrett Michael R. Carter Munenobu Ikegami Cornell University and University of Wisconsin-Madison May 12, 2008 presentation Introduction 1 Multiple equilibrium (ME) poverty traps command
More information1. Monetary credibility problems. 2. In ation and discretionary monetary policy. 3. Reputational solution to credibility problems
Monetary Economics: Macro Aspects, 7/4 2010 Henrik Jensen Department of Economics University of Copenhagen 1. Monetary credibility problems 2. In ation and discretionary monetary policy 3. Reputational
More informationAre Financial Markets Stable? New Evidence from An Improved Test of Financial Market Stability and the U.S. Subprime Crisis
Are Financial Markets Stable? New Evidence from An Improved Test of Financial Market Stability and the U.S. Subprime Crisis Sandy Suardi (La Trobe University) cial Studies Banking and Finance Conference
More informationA Bayesian Approach to Real Options:
A Bayesian Approach to Real Options: The Case of Distinguishing between Temporary and Permanent Shocks Steven R. Grenadier and Andrei Malenko Stanford GSB BYU - Marriott School, Finance Seminar March 6,
More informationThe Price of Warm Glow
DISCUSSION PAPER SERIES IZA DP No. 7445 The Price of Warm Glow Andrew Lilley Robert Slonim June 2013 Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor The Price of Warm Glow Andrew
More informationWhy Can Modern Governments Tax So Much?
Working paper Why Can Modern Governments Tax So Much? An Agency Model of Firms as Fiscal Intermediaries Henrik Jacobsen Kleven Claus Thustrup Kreiner Emmanuel Saez March 2012 When citing this paper, please
More informationEffective Tax Rates and the User Cost of Capital when Interest Rates are Low
Effective Tax Rates and the User Cost of Capital when Interest Rates are Low John Creedy and Norman Gemmell WORKING PAPER 02/2017 January 2017 Working Papers in Public Finance Chair in Public Finance Victoria
More informationWORKING PAPER SERIES
March 2010 No.3 The Price Elasticity of Charitable Giving: Does the Form of Tax Relief Matter? Prof Kimberley Scharf (Warwick) and Dr Sarah Smith (Bristol) WORKING PAPER SERIES Centre for Competitive Advantage
More informationWhen Interest Rates Go Up, What Will This Mean For the Mortgage Market and the Wider Economy?
SIEPR policy brief Stanford University October 2015 Stanford Institute for Economic Policy Research on the web: http://siepr.stanford.edu When Interest Rates Go Up, What Will This Mean For the Mortgage
More informationNudging Businesses to Pay Their Taxes: Does the Timing of Reminder Letters Matter?
Nudging Businesses to Pay Their Taxes: Does the Timing of Reminder Letters Matter? Christian Gillitzer School of Economics, University of Sydney Mathias Sinning ANU Crawford School of Public Policy, RWI,
More informationRisk refers to the chance that some unfavorable event will occur. An asset s risk can be analyzed in two ways.
ECO 4368 Instructor: Saltuk Ozerturk Risk and Return Risk refers to the chance that some unfavorable event will occur. An asset s risk can be analyzed in two ways. on a stand-alone basis, where the asset
More informationTHEORIES OF TAX EVASION AND THE HIDDEN ECONOMY
THEORIES OF TAX EVASION AND THE HIDDEN ECONOMY Nordic Workshop on Tax Evasion AGNAR SANDMO Norwegian School of Economics (NHH) TAX EVASION: AN OVERVIEW Point of departure: The expected utility theory of
More informationThe dynamic effects of tax audits
The dynamic effects of tax audits IFS Working Paper W17/24 Arun Advani William Elming Jonathan Shaw The Dynamic Effects of Tax Audits Arun Advani William Elming Jonathan Shaw October 24, 2017 Abstract
More informationThe Intergenerational Causal Effect of Tax Evasion: Evidence from the Commuter Tax Allowance in Austria
The Intergenerational Causal Effect of Tax Evasion: Evidence from the Commuter Tax Allowance in Austria Wolfgang Frimmel a,b, Martin Halla a,b,c,d, Jörg Paetzold e a Johannes Kepler University Linz b Christian
More informationMental Accounting in Tax Evasion Decisions An Experiment on Underreporting and Overdeducting
Arbeitskreis Quantitative Steuerlehre Quantitative Research in Taxation Discussion Papers Martin Fochmann / Nadja Wolf Mental Accounting in Tax Evasion Decisions An Experiment on Underreporting and Overdeducting
More informationInertia and Overwithholding: Explaining the Prevalence of Income Tax Refunds
Inertia and Overwithholding: Explaining the Prevalence of Income Tax Refunds Damon Jones December 2009 Abstract Over three-quarters of US taxpayers receive income tax refunds, indicating tax prepayments
More informationInternational Cooperation and the International Commons
International Cooperation and the International Commons Scott Barrett Duke Environmental Law & Policy Forum, Vol. 10, 1999 Introduction Usually cooperation will be partial and There will be some loss in
More informationHow Do Exchange Rate Regimes A ect the Corporate Sector s Incentives to Hedge Exchange Rate Risk? Herman Kamil. International Monetary Fund
How Do Exchange Rate Regimes A ect the Corporate Sector s Incentives to Hedge Exchange Rate Risk? Herman Kamil International Monetary Fund September, 2008 Motivation Goal of the Paper Outline Systemic
More informationTaxes, Informality, and Income Shifting
Working paper Taxes, Informality, and Income Shifting Evidence from a Recent Pakistani Tax Reform Mazhar Waseem March 2013 When citing this paper, please use the title and the following reference number:
More informationTransparency and the Location of Assets: Evidence from FATCA
Transparency and the Location of Assets: Evidence from FATCA Lisa De Simone Stanford Graduate School of Business Becky Lester Stanford Graduate School of Business Kevin Markle University of Iowa September
More informationConditional Investment-Cash Flow Sensitivities and Financing Constraints
Conditional Investment-Cash Flow Sensitivities and Financing Constraints Stephen R. Bond Institute for Fiscal Studies and Nu eld College, Oxford Måns Söderbom Centre for the Study of African Economies,
More informationLANGUAGE TRENDS IN PUBLIC ECONOMICS
LANGUAGE TRENDS IN PUBLIC ECONOMICS Henrik Jacobsen Kleven Princeton University July 2018 What Are We Talking About In Public Economics? Understanding new directions in research based on word and language
More informationStochastic Budget Simulation
PERGAMON International Journal of Project Management 18 (2000) 139±147 www.elsevier.com/locate/ijproman Stochastic Budget Simulation Martin Elkjaer Grundfos A/S, Thorsgade 19C, Itv., 5000 Odense C, Denmark
More informationThe Value of Unemployment Insurance
The Value of Unemployment Insurance Camille Landais (LSE) and Johannes Spinnewijn (LSE) September, 2018 Landais & Spinnewijn (LSE) Value of UI September, 2018 1 / 27 Motivation: Value of Insurance Key
More informationTaxpayer Services and Tax Compliance
Bridgewater State University Virtual Commons - Bridgewater State University Economics Faculty Publications Economics Department 2007 Taxpayer Services and Tax Compliance James Alm Michael L. Jones Bridgewater
More informationBeyond statistics: the economic content of risk scores
This work is distributed as a Discussion Paper by the STANFORD INSTITUTE FOR ECONOMIC POLICY RESEARCH SIEPR Discussion Paper No. 15-024 Beyond statistics: the economic content of risk scores By Liran Einav,
More informationInertia and Overwithholding: Explaining the Prevalence of Income Tax Refunds
Inertia and Overwithholding: Explaining the Prevalence of Income Tax Refunds Damon Jones October 2010 University of Chicago, The Harris School and NBER, 1155 E. 60th St., Chicago IL, 60605, damonjones@uchicago.edu.
More informationMonetary credibility problems. 1. In ation and discretionary monetary policy. 2. Reputational solution to credibility problems
Monetary Economics: Macro Aspects, 2/4 2013 Henrik Jensen Department of Economics University of Copenhagen Monetary credibility problems 1. In ation and discretionary monetary policy 2. Reputational solution
More informationTax Evasion and Avoidance Practices in Some Selected Corporate Firms of Bangladesh
World Journal of Social Sciences Vol. 2. No. 7. November 2012 Issue. Pp. 150 156 Tax Evasion and Avoidance Practices in Some Selected Corporate Firms of Bangladesh Mohammad Zahid Hossain Bhuiyan* The present
More informationIncome Tax Evasion Dynamics: Evidence from an Agent-based Econophysics Model
Income Tax Evasion Dynamics: Evidence from an Agent-based Econophysics Model Michael Pickhardt and Goetz Seibold November 29, 211 Abstract We analyze income tax evasion dynamics in a standard model of
More informationCollaboration between The Norwegian Tax Administration and academia - to the benefit of both
Collaboration between The Norwegian Tax Administration and academia - to the benefit of both - Research and raised awareness on tax issues and increased compliance Barcelona 23.October 2017 Outline The
More informationBanking Concentration and Fragility in the United States
Banking Concentration and Fragility in the United States Kanitta C. Kulprathipanja University of Alabama Robert R. Reed University of Alabama June 2017 Abstract Since the recent nancial crisis, there has
More informationOPINIONS ON THE ETHICS OF TAX EVASION: A COMPARATIVE STUDY OF UTAH AND NEW JERSEY
OPINIONS ON THE ETHICS OF TAX EVASION: A COMPARATIVE STUDY OF UTAH AND NEW JERSEY Robert W. McGee, Florida International University, 3000 NE 151 st Street, North Miami, FL 33181, bob414@hotmail.com, (305)
More informationFairness in Tax compliance: A Political. Competition Model
Fairness in Tax compliance: A Political Competition Model Abstract This paper analyzes the political economy of income redistribution when voters are concerned about fairness in tax compliance. We consider
More informationFrom the "slippery slope framework" to "responsive regulation"
From the "slippery slope framework" to "responsive regulation" Jérémy Lemoine, under the supervision of Professor Christine Roland-Lévy 1 Abstract Each citizen possesses rights as well as duties. Among
More informationEvidence of the Invisible: Toward a Credibility Revolution in the Empirical Analysis of Tax Evasion and the Informal Economy
International Tax and Public Finance manuscript No. (will be inserted by the editor) Evidence of the Invisible: Toward a Credibility Revolution in the Empirical Analysis of Tax Evasion and the Informal
More informationThe new 'Persons with Significant Control' Rules - an update for charities and their trustees
The new 'Persons with Significant Control' Rules - an update for charities and their trustees 11 MARCH 2016 Chris Priestley PARTNER UK C AT E GO R Y: ARTI C LE C LIE N T T Y PE S: C H ARI TI ES AND NON-P
More informationONLINE APPENDIX (NOT FOR PUBLICATION) Appendix A: Appendix Figures and Tables
ONLINE APPENDIX (NOT FOR PUBLICATION) Appendix A: Appendix Figures and Tables 34 Figure A.1: First Page of the Standard Layout 35 Figure A.2: Second Page of the Credit Card Statement 36 Figure A.3: First
More information