Tax and Trust: The Fiscal Crisis in Greece

Kaplanoglou, G. and V.T. Rapanos (2012), 'Tax and trust: the fiscal crisis in Greece', South European Society and Politics, Forthcoming

26 Pages Posted: 9 Nov 2012 Last revised: 29 Nov 2012

See all articles by Georgia Kaplanoglou

Georgia Kaplanoglou

University of Athens - Economics Department

Vassilis T. Rapanos

National and Kapodistrian University of Athens - Department of Economics, Politics and the State

Date Written: October 11, 2012

Abstract

The paper aims at highlighting a number of shortcomings in the design and enforcement of the tax system in Greece, which have played a key role in the exacerbation of fiscal deficits that led to the current sovereign debt crisis. More precisely, we argue that these shortcomings that result in low tax revenue, relate to the structure of the Greek economy and to the failures of formal institutions (such as poor function of the tax administration and lax tax enforcement). At the same time such failures are rooted in and at the same time reinforce failures of informal institutions, namely low levels of trust to institutions and perceived fairness of the tax system.

Keywords: Greek fiscal crisis, tax system, tax morale, institutions, tax administration

JEL Classification: H26, H20, H62, H24, H25

Suggested Citation

Kaplanoglou, Georgia and Rapanos, Vassilis T., Tax and Trust: The Fiscal Crisis in Greece (October 11, 2012). Kaplanoglou, G. and V.T. Rapanos (2012), 'Tax and trust: the fiscal crisis in Greece', South European Society and Politics, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2096142 or http://dx.doi.org/10.2139/ssrn.2096142

Georgia Kaplanoglou (Contact Author)

University of Athens - Economics Department ( email )

Athens
Greece
+302103689459 (Phone)

Vassilis T. Rapanos

National and Kapodistrian University of Athens - Department of Economics, Politics and the State ( email )

Athens
Greece

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