Londoño Vélez, Juliana
Enforcing wealth taxes in the developing world quasi-experimental evidence from Colombia / Juliana Londoño-Vélez and Javier Ávila-Mahecha .-- , 2021
Resumen.
Bibliografía.
This paper investigates the feasibility of wealth taxation in developing countries. It uses rich administrative data from Colombia and leverages a government-designed program for voluntary disclosures of hidden wealth as well as the threat of detection triggered by the Panama Papers leak. There are two key findings. First, there is substantial (primarily offshore) evasion: two-fifths of the wealthiest 0.01 percent evade taxes, with these evaders concealing one-third of their wealth offshore. Second, strengthening enforcement can have a significant impact on wealth tax compliance, tax revenue, and progressivity. These results highlight both challenges and opportunities for wealth taxation in the developing world.
IMPUESTO SOBRE EL PATRIMONIO
EVASION FISCAL
CUMPLIMIENTO FISCAL
ESFUERZO FISCAL
PAISES EN DESARROLLO
COLOMBIA
Ávila Mahecha, Javier
The American Economic Review 2640-205Xv. 3, n. 2, June 2021, p. 131-148
Enforcing wealth taxes in the developing world quasi-experimental evidence from Colombia / Juliana Londoño-Vélez and Javier Ávila-Mahecha .-- , 2021
Resumen.
Bibliografía.
This paper investigates the feasibility of wealth taxation in developing countries. It uses rich administrative data from Colombia and leverages a government-designed program for voluntary disclosures of hidden wealth as well as the threat of detection triggered by the Panama Papers leak. There are two key findings. First, there is substantial (primarily offshore) evasion: two-fifths of the wealthiest 0.01 percent evade taxes, with these evaders concealing one-third of their wealth offshore. Second, strengthening enforcement can have a significant impact on wealth tax compliance, tax revenue, and progressivity. These results highlight both challenges and opportunities for wealth taxation in the developing world.
IMPUESTO SOBRE EL PATRIMONIO
EVASION FISCAL
CUMPLIMIENTO FISCAL
ESFUERZO FISCAL
PAISES EN DESARROLLO
COLOMBIA
Ávila Mahecha, Javier
The American Economic Review 2640-205Xv. 3, n. 2, June 2021, p. 131-148