Tax Evasion and Incomplete Tax Transparency
Laws 2018, 7, 31, DOI/10.3390/laws7030031
15 Pages Posted: 16 Oct 2018
Date Written: August 23, 2018
This article discusses the impact of incomplete tax transparency on tax evasion. While FATCA and CRS address some forms of tax evasion, tax evaders may still use other tax evasion opportunities. Anti-tax evasion measures might not be effective or cost-efficient if tax evaders can continue evading taxes through alternative tax evasion channels. Automatic exchange of information (AEOI) might also exacerbate the social harm from tax evasion if tax evaders take costly actions to avoid reporting. This article explores policy responses that could better address the problems created by incomplete tax transparency.
Keywords: Tax Evasion, Tax Transparency, AEOI, CRS, FATCA, Beneficial Ownership Register, Cryptocurrencies
JEL Classification: K34
Suggested Citation: Suggested Citation