search query: @author Cowell, F. A. / total: 6
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| Author: | Cowell, F. A. |
| Title: | Tax sheltering and the cost of evasion |
| Journal: | Oxford Economic Papers
1990 : JAN, VOL. 42:1, p. 231-243 |
| Index terms: | INCOME TAX TAX EVASION INFORMATION COSTS TAX LAW |
| Language: | eng |
| Abstract: | Sheltering is a legitimate activity, openly carried out by tax-payers taking advantage of social provisions or loopholes in tax laws. The tax-authority can observe sheltering activity and, though it is powerless to do anything about people's legitimate involvement in such activity, it can try to make use of the information revealed by their choice of sheltering opportunities. By contrast evasion is covert. People may attempt to conceal some of their taxable income from the authorities, and accurate information can only be obtained costly. The concept of cost is developed for the covert evasion activity, and is derived from the risk of punishment borne by tax-payers. This cost is related to people's characteristics, and to the parameters of the taxation. |
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