TAILIEUCHUNG - tax evasion technology shocks and the cyclicality of government revenues

Tham khảo sách 'tax evasion technology shocks and the cyclicality of government revenues', kỹ thuật - công nghệ, kĩ thuật viễn thông phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Fundacion BBVA Documentos de Trabajo Judith Panadés Marti Tax Evasion Technology Shocks and the Cyclicality of Government Revenues Fundacion ĐBVA Tax Evasion Technology Shocks and the Cyclicality of Government Revenues Judith Panadés Marti AUTONOMOUS UNIVERSITY OF BARCELONA Abstract This working paper analyzes the of tax revenue the ratio of tax revenue to gross domestic product GDP throughout the business cycle. In order to replicate empirical evidence we develop a simple model combining the standard Ak growth model with the tax evasion phenomenon. When individuals conceal port ol their true Income from the tax authority They face the nsk of being audited and. hence. of pay-ng the corresponding fine. In this setup the effect of 3 positive tec hnological shock on the government revenue to output ratio is fully characterized by the value of Intertemporal elasticity of substitution ÍIES In particular under the empirically plausible assumption that the IES exhibits a sufficiently small value we show that the elasticity ot government revenue with respect to output is larger than one. which agrees with the empirical evidence. Keywords Tax evasion technology shocks growth Resumen Este documents de trabajo analiza el ccmponarrlento de la presiõn fiscal fproporc òn đe la rccaudación impositiva sobre el producto interior bruro IPIBIỈ a Io largo del ciclo economics. Con el objebvo de compatibilizer la evideocia empirica con of. resultados teo-ricos. hemos mtroducidoel fenomenode la evasổn fiscal en cl rnodelo estândar de crccimiento eccnc-mico Ak. Cuando ỈOS contribuyentes evaden parte de su renta real corren el r esgo de ser inspeccionados y. per Io tank sanclonados con una multa proporcio-nal a la cantidad de impueslos evadidos. En este context . e electoque produce una Innovation tec-nológica sebre la presttn fiscal depende del valor que tome la elastic idad de sustitucon intertemporal ESI siempre y cuando as innovaciones tecnotổgicas estẻn au-occrrelacionadas. .

• Kĩ thuật Viễn thông
• The subject of rock mechanics
• Content of this book
• Geological setting
• Natural rock environments
• Stress as a point property