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- Title
稅制調整與地下經濟- 臺灣動態隨機一般均衡模型分析.
- Authors
傅敬堯; 林雪瑜; 楊淑珺
- Abstract
The tax revenue-to-GDP ratio in Taiwan has gradually declined since 2000. Among various approaches to raising revenues, this paper compares increasing the tax evasion penalty rate on underground economic activity to increasing the consumption tax rate, using a two-sector DSGEmodel. It finds that both ap- proaches can raise revenues but have very different sectoral effects: raising the tax evasion penalty shrinks the underground economy and increases the out- put of the formal sector, opposite to the effects of raising consumption taxes. Increasing the consumption tax rate has more negative effects on output than increasing the tax evasion penalty for a given revenue-to-output share raised on impact. The paper also finds that higher sectoral elasticity between labor of the two sectors produces less negative effects on total output. Finally, the cal- ibration exercise, making use of tax revenue-to-output data, offers a structural method to assess the size of an underground economy.
- Publication
Taiwan Economic Forecast & Policy, 2018, Vol 49, Issue 1, p1
- ISSN
1729-8849
- Publication type
Article