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Tax Evasion and the Allocation of Capital / Don Fullerton, Marios Karayannis.
- Format:
- Book
- Author/Creator:
- Fullerton, Don.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4581.
- NBER working paper series no. w4581
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1993.
- Summary:
- The efficiency cost of capital misallocations between the corporate sector and the noncorporate sector is typically measured using statutory tax differences. Corporate-source income tax compliance is high because of third party reporting, however, while noncorporate rental income tax compliance is low. Differential evasion thus exacerbates statutory differences and enlarges the efficiency cost. To measure this effect, we build a numerical general equilibrium model where households simultaneously choose portfolios of risky assets and fractions of income to report.
- Notes:
- Print version record
- December 1993.
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