Vat Gap in the European Union: an empirical analysis
Fecha
2019Autor
Director
Versión
Acceso abierto / Sarbide irekia
Tipo
Trabajo Fin de Grado/Gradu Amaierako Lana
Impacto
|
nodoi-noplumx
|
Resumen
For welfare systems whose backing relies mainly on the tax revenues collected, tax non-compliance is an issue of great importance. Concretely in the European Union, a
considerable amount of tax revenue
is
lost in terms of VAT. This is the so-called VAT
Gap, the term that stands for the difference between the VAT Total Tax Liability and the
VAT revenu ...
[++]
For welfare systems whose backing relies mainly on the tax revenues collected, tax non-compliance is an issue of great importance. Concretely in the European Union, a
considerable amount of tax revenue
is
lost in terms of VAT. This is the so-called VAT
Gap, the term that stands for the difference between the VAT Total Tax Liability and the
VAT revenue actually collected. In view of the importance of this matter, and of the lack of
awareness of which factors affect such VAT non-compliance, this study aims to throw
some light
by means of
an econometric
model on whether or not shadow economy,
decentralization, institutional quality, missing trader fraud, VAT standard rates, or the
amount of 500 euro bills available each year for each member state affect
the
VAT Gap.
To that purpose, the model will be based on panel data including information on those
variables for the 28 Member States of the European Union and for the years 2012 to 2016.
The main findings of the
study
are the following. First, higher institutional quality is found
to affect negatively to the VAT Gap. Second, a higher fiscal decentralization appears to
decrease significantly the VAT Gap. Third,
higher amounts of 500 euro
bills annually
available
increase such gap. Other variables checked do not appear to be significantly
determinant of the VAT non-compliance in this model as can be seen in the results. [--]
Materias
VAT Gap,
Shadow economy,
Quality of government,
Intra-Community trade,
Tax morale,
Missing trader fraud
Titulación
Enpresen Administrazio eta Zuzendaritzan Nazioarteko Graduatua / Ekonomian Nazioarteko Graduatua Nafarroako Unibertsitate Publikoan /
Graduado o Graduada Internacional en Administración y Dirección de Empresas / Graduado o Graduada Internacional en Economía por la Universidad Pública de Navarra