Cashless payments hinder tax evasion because they build a trail for the underlying transactions. Using European data, we find empirical evidence supporting this claim: credit and debit card payments are negatively related to VAT evasion. We also find that using electronic cards to withdraw cash at ATMs, by making cash more abundant, fosters VAT evasion.
Cashless Payments and Tax Evasion / Immordino, Giovanni; Russo, Francesco Flaviano. - In: EUROPEAN JOURNAL OF POLITICAL ECONOMY. - ISSN 0176-2680. - 55:(2018), pp. 36-43. [10.1016/j.ejpoleco.2017.11.001]
Cashless Payments and Tax Evasion
Immordino, Giovanni;Russo, Francesco Flaviano
2018
Abstract
Cashless payments hinder tax evasion because they build a trail for the underlying transactions. Using European data, we find empirical evidence supporting this claim: credit and debit card payments are negatively related to VAT evasion. We also find that using electronic cards to withdraw cash at ATMs, by making cash more abundant, fosters VAT evasion.File in questo prodotto:
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