Footnote:
In: economics e-journal No. 2007-6
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 28, 2007 erstellt
Description:
Differential tax analysis is used to show how the socially optimal fiscal-tax to liquidity-tax ratio changes with the relative size of the tax-evading hidden economy. The smaller the relative size of the hidden economy, the larger the optimal fiscal-tax to liquidity-tax ratio. The empirical cross-section and panel evidence supports this theoretical result