Can Tax Incentives for Electronic Payments Reduce the Shadow Economy? : Korea's Attempt to Reduce Underreporting in Retail Businesses

Can Tax Incentives for Electronic Payments Reduce the Shadow Economy? : Korea's Attempt to Reduce Underreporting in Retail Businesses

Increasing tax revenues by reducing the shadow economy has been a central goal of tax policy and administration in the Republic of Korea since the National Tax Service was established as an independent agency in 1966. This paper examines the Tax In...

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Bibliographic Details
Main Authors: Sung, Myung Jae, Awasthi, Rajul, Lee, Hyung Chul
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
tax evasion
tax avoidance
shadow economy
informal economy
electronic payment
cashless payment
electronic tax administration
tax compliance
underreporting
undeclared work
tax incentive
Online Access:http://documents.worldbank.org/curated/en/105841483990962599/Can-tax-incentives-for-electronic-payments-reduce-the-shadow-economy-Koreas-attempt-to-reduce-underreporting-in-retail-businesses
http://hdl.handle.net/10986/25945

Internet

http://documents.worldbank.org/curated/en/105841483990962599/Can-tax-incentives-for-electronic-payments-reduce-the-shadow-economy-Koreas-attempt-to-reduce-underreporting-in-retail-businesses
http://hdl.handle.net/10986/25945

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