Authors: | Rodosthenous, Maria Goumas, Spyridon Gasteratos, Ioannis |
Issue Date: | 1-Jan-2016 |
Journal: | Αρχείον Οικονομικής Ιστορίας |
Volume: | 28 |
Issue: | 1 |
Keywords: | Shadow economy, Tax evasion, Economic growth, Panel data analysis |
Abstract: | Shadow economy and lack of transparency reduce the overall country’s tax revenues. Hence, the legal (honest) households and corporations usually bear the tax burden. Besides, high taxation is an obstacle for economic growth. In the present article an effort will be made to point out with panel data that shadow economy causes a higher effective tax rate. This distortion takes place at a greater extent in southern EU. Our sample covers annually Austria (2001-2013), Belgium (2001-2013), Cyprus (2005-2013), Denmark (2001-2013), Finland (2001-2013), France (2004-2013), Germany (2001-2013), Greece (2001-2013), Ireland (2001-2013), Italy (2001-2013), Netherlands (2001-2013), Portugal (2001-2013), Spain (2001-2013), Sweden (2001-2013) and UK (2001-2013). To fight this distortion and to increase transparency, countries should adopt the IFRS and ISA, which will cause eventually economic growth. |
ISSN: | 1108-7005 |
URL: | https://archivesofeconomichistory.com/webdata/magaz/092016160235_Volume%20XXVIII_No.1_2016.pdf |
URI: | https://uniwacris.uniwa.gr/handle/3000/1305 |
Type: | Article |
Department: | Department of Accounting and Finance |
School: | School of Administrative, Economics and Social Sciences |
Affiliation: | University of West Attica (UNIWA) |
Appears in Collections: | Articles / Άρθρα |
CORE Recommender
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.