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- handle: 10670/1.b98tjp
- hal: hal-04564113
info:eu-repo/semantics/OpenAccess
Mots-clés
tax evasion offshore wealth amnesties enforcement Argentina D - Microeconomics/D.D3 - Distribution/D.D3.D31 - Personal Income, Wealth, and Their Distributions H - Public Economics/H.H2 - Taxation, Subsidies, and Revenue/H.H2.H26 - Tax Evasion and Avoidance H - Public Economics/H.H3 - Fiscal Policies and Behavior of Economic Agents/H.H3.H31 - HouseholdSujets proches
Fortunes Riches Affluence Distribution of wealth Tax-dodging Tax fraud Fiscal evasion Taxation--Evasion Tax avoidance Tax delinquency Taxation, Evasion of Evasion, FiscalCiter ce document
Juliana Londoño-Vélez et al., « Revealing 21% of GDP in Hidden Assets: Evidence from Argentina's Tax Amnesties », HAL-SHS : économie et finance, ID : 10670/1.b98tjp
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Résumé
We study the eectiveness of tax amnesties and their impacts on capital taxation and public spending. We leverage rich policy variation from Argentina, which implemented the world’s most successful program, reportedly revealing assets worth 21% of GDP. First, despite substantial oshore tax evasion, declared foreign assets quadrupled. Second, tax progressivity improved because disclosures were extensive among the wealthiest 0.1%. Third, improving tax compliance has sizable fiscal externalities on capital taxes and social transfers: the wealth and capital income tax bases more than doubled, and the earmarked revenue boosted pension benefits by 15%. We end by discussing the lessons from Argentina.