Business income is systematically underreported and accounts for a sizable share of the US
tax gap. This paper examines the importance of tax evasion in the entrepreneurial sector for …

This paper develops and estimates a quantitative model to analyze the aggregate
productivity consequences of informality in Mexico. While informality is typically viewed as …

This study investigates the intricate relationship between corporate financial strategies,
encapsulated by book-tax differences (BTDs), and firms' engagement in corporate social …

This paper assesses the extent to which financial development and informality are related,
and how this relation translates into differences in GDP and TFP across countries. To this …

What are the aggregate effects of informality in a financially constrained economy? We
develop and calibrate an entrepreneurship model to data on matched employer-employee …

Purpose Profit shifting is a matter of great concern for governments internationally. It leads to
the loss of tax revenues and puts multinational corporations (MNCs) in a disparate position …

Wealth inequality has prompted calls for higher taxes on capital income and wealth but also
concerns that rich households would respond by concealing their assets offshore. We use a …

Purpose Tax evasion is an economic crime that nearly all world countries suffer from. Its
consequences are countless, including poor public spending on infrastructure projects and …

We evaluate the relative importance of aggregate labor productivity versus income taxes
and social contributions for tax compliance in an economy with a large degree of informality …

Consumer payment choice is based on heterogeneous preferences, availability, usage
costs, and effective taxes. We examine the consequences of this choice on consumption …