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Tax Morale and International Tax Evasion

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  • Kemme, David M.
  • Parikh, Bhavik
  • Steigner, Tanja

Abstract

Low tax morale is associated with domestic tax evasion. We find evidence of cross-border equity flows designed to evade taxes in low tax morale countries. Using Foreign Portfolio Equity Investment (FPI) flows into 21 OECD countries from 138 source countries and an index of tax morale from the World Value Survey (WVS), we show that individuals in countries with low tax morale engage in tax evasion via roundtripping through tax havens. This allows them to benefit from differential taxes applied to foreign investors vis-a-vis domestic investors. Our results remain robust to various measures of tax morale and distinct subsamples.

Suggested Citation

  • Kemme, David M. & Parikh, Bhavik & Steigner, Tanja, 2020. "Tax Morale and International Tax Evasion," Journal of World Business, Elsevier, vol. 55(3).
    • Handle: RePEc:eee:worbus:v:55:y:2020:i:3:s1090951619301488
    DOI: 10.1016/j.jwb.2019.101052
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    More about this item

    Keywords

    Tax morale; Foreign portfolio investments; Roundtripping; Tax havens; Tax evasion;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

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