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Inhaltsangabe
A comprehensive survey of the existent widespread shadow economy—accounting for around one tenth of economic activity in the UK and more than one quarter of economic activity in some European countries—this work examines the size, causes, and possible solutions to the problem of such economic activity. The authors, two leading international researchers in this field, assess the main methods of calculating the size of the shadow economy and examine the relationship between the extent of such economic activity and the level of taxes, regulation, and the legal and institutional framework. Noting that these issues are found to be crucial in understanding how to tackle the problem, the authors proposal several practical policy measures.
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Über die Autorin bzw. den Autor
Friedrich Schneider has been a professor of economics at Johannes Kepler University in Linz, Austria for 27 years. He is the former European editor of Public Choice and has published extensively in leading economics journals, including the American Economic Review, the Economic Journal, and the Quarterly Journal of Economics. Colin C. Williams is a professor of public policy and the director of the Inter-Disciplinary Centre of the Social Sciences at the University of Sheffield.
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Shadow Economy
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Institute of Economic Affairs, 2013
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Paperback. Zustand: New. Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size. The shadow economy constitutes approximately 10 per cent of GDP in the UK; about 14 per cent in Nordic countries and about 20 - 30 per cent in many southern European countries. The main drivers of the shadow economy are (in order): tax and social security burdens, tax morale, the quality of state institutions and labour market regulation. A reduction in the tax burden is therefore likely to lead to a reduction in the size of the shadow economy. Indeed, a virtuous circle can be created of lower tax rates, less shadow work, higher tax morale, a higher tax take and the opportunity for lower rates. Of course, a vicious circle in the other direction can also be created. Bestandsnummer des Verkäufers 0071744
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Paperback. Zustand: New. Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size. The shadow economy constitutes approximately 10 per cent of GDP in the UK; about 14 per cent in Nordic countries and about 20 - 30 per cent in many southern European countries. The main drivers of the shadow economy are (in order): tax and social security burdens, tax morale, the quality of state institutions and labour market regulation. A reduction in the tax burden is therefore likely to lead to a reduction in the size of the shadow economy. Indeed, a virtuous circle can be created of lower tax rates, less shadow work, higher tax morale, a higher tax take and the opportunity for lower rates. Of course, a vicious circle in the other direction can also be created. Bestandsnummer des Verkäufers LU-9780255366748
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Taschenbuch. Zustand: Neu. Neuware - A comprehensive survey of the existent widespread shadow economy--accounting for around one tenth of economic activity in the UK and more than one quarter of economic activity in some European countries--this work examines the size, causes, and possible solutions to the problem of such economic activity. The authors, two leading international researchers in this field, assess the main methods of calculating the size of the shadow economy and examine the relationship between the extent of such economic activity and the level of taxes, regulation, and the legal and institutional framework. Noting that these issues are found to be crucial in understanding how to tackle the problem, the authors proposal several practical policy measures. Bestandsnummer des Verkäufers 9780255366748
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Verlag:
Institute of Economic Affairs, GB, 2013
ISBN 10: 0255366744
ISBN 13: 9780255366748
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Paperback. Zustand: New. Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size. The shadow economy constitutes approximately 10 per cent of GDP in the UK; about 14 per cent in Nordic countries and about 20 - 30 per cent in many southern European countries. The main drivers of the shadow economy are (in order): tax and social security burdens, tax morale, the quality of state institutions and labour market regulation. A reduction in the tax burden is therefore likely to lead to a reduction in the size of the shadow economy. Indeed, a virtuous circle can be created of lower tax rates, less shadow work, higher tax morale, a higher tax take and the opportunity for lower rates. Of course, a vicious circle in the other direction can also be created. Bestandsnummer des Verkäufers LU-9780255366748
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