Lobel, Felipe
Corporate taxation and evasion responses evidence from a minimum tax in Honduras / by Felipe Lobel, Thiago Scot and Pedro Zúniga
Resumen.
Bibliografía.
We study corporate responses to a minimum income tax, using the universe of corporate tax filings in Honduras. The policy design allows us to separately estimate cost misreporting under profit taxation and the elasticity of reported revenue. Large corporations overreport true costs when taxed on profits. Taxing revenue leads to a substantial decrease in reported revenues: we estimate an elasticity in the range 0.35–1. The elasticity of revenue is attenuated when third-party information on the revenue of firms is available, suggesting misreporting plays an important role. Our results inform trade-offs when broadening tax bases to curb evasion.
IMPUESTO DE SOCIEDADES
TIPO MÍNIMO GLOBAL
ELUSION FISCAL
EVASION FISCAL
HONDURAS
Thiago Scot
Zúñiga, Pedro
American Economic Journal : Economic Policy 1945-7731 v. 16, n. 1, February 2024, p. 482-517
Corporate taxation and evasion responses evidence from a minimum tax in Honduras / by Felipe Lobel, Thiago Scot and Pedro Zúniga
Resumen.
Bibliografía.
We study corporate responses to a minimum income tax, using the universe of corporate tax filings in Honduras. The policy design allows us to separately estimate cost misreporting under profit taxation and the elasticity of reported revenue. Large corporations overreport true costs when taxed on profits. Taxing revenue leads to a substantial decrease in reported revenues: we estimate an elasticity in the range 0.35–1. The elasticity of revenue is attenuated when third-party information on the revenue of firms is available, suggesting misreporting plays an important role. Our results inform trade-offs when broadening tax bases to curb evasion.
IMPUESTO DE SOCIEDADES
TIPO MÍNIMO GLOBAL
ELUSION FISCAL
EVASION FISCAL
HONDURAS
Thiago Scot
Zúñiga, Pedro
American Economic Journal : Economic Policy 1945-7731 v. 16, n. 1, February 2024, p. 482-517