An international comparison of underground economic activity

Schneider, FG; Bajada, C

An international comparison of underground economic activity

Schneider, FG Bajada, C

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Publisher:: Ashgate
Publication Type:: Chapter
Citation:: Size, Causes and Consequences of the Underground Economy, 2005, 1st, pp. 73 - 106
Issue Date:: 2005-01

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Field	Value	Language
dc.contributor.author	Schneider, FG	en_US
dc.contributor.author	Bajada, C https://orcid.org/0000-0003-0590-1492	en_US
dc.contributor.editor	Bajada, C https://orcid.org/0000-0003-0590-1492	en_US
dc.contributor.editor	Schneider, F	en_US
dc.date.issued	2005-01	en_US
dc.identifier.citation	Size, Causes and Consequences of the Underground Economy, 2005, 1st, pp. 73 - 106	en_US
dc.identifier.isbn	0754642488	en_US
dc.identifier.uri	http://hdl.handle.net/10453/17529
dc.description.abstract	Despite continuous government attempts to increase taxpayer compliance, the underground economy continues to offer an avenue for taxpayers to evade their tax paying obligations. The consequences are clear: policymakers have imperfect knowledge on the state of economic affairs, more so as underground economic activities increase. Estimating the size of the underground economy is an onerous task. Any serious attempt to gauge its size should be able to measure a broad range of activities. These activities may include income generated from (say) babysitting, bartering of services, income evaded by (say) a mechanic who chooses to report only part of their income, businesses that overstate their expenses, legitimate income earned and laundered abroad, and income concealed by welfare recipients. Many academic studies have simply focused on some aspects of the vast array of underground activities, and in doing so provide only a lower bound estimate of its size. Part of the problem is the complexity involved in attempting to capture the various facets of these activities. Most authors trying to measure the underground economy face the difficulty of how to define it. One commonly used working definition is all currently unregistered economic activities that contribute to the officially calculated (or observed) Gross Domestic Product.	en_US
dc.publisher	Ashgate	en_US
dc.relation.ispartof	Size, Causes and Consequences of the Underground Economy	en_US
dc.title	An international comparison of underground economic activity	en_US
dc.type	Chapter
utslib.location	United Kingdom	en_US
utslib.for	140215 Public Economics- Taxation and Revenue	en_US
utslib.for	1402 Applied Economics	en_US
utslib.citation.edition	1st	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.consider-herdc	false	en_US
pubs.edition	1st	en_US
pubs.place-of-publication	United Kingdom	en_US

Abstract:

Despite continuous government attempts to increase taxpayer compliance, the underground economy continues to offer an avenue for taxpayers to evade their tax paying obligations. The consequences are clear: policymakers have imperfect knowledge on the state of economic affairs, more so as underground economic activities increase. Estimating the size of the underground economy is an onerous task. Any serious attempt to gauge its size should be able to measure a broad range of activities. These activities may include income generated from (say) babysitting, bartering of services, income evaded by (say) a mechanic who chooses to report only part of their income, businesses that overstate their expenses, legitimate income earned and laundered abroad, and income concealed by welfare recipients. Many academic studies have simply focused on some aspects of the vast array of underground activities, and in doing so provide only a lower bound estimate of its size. Part of the problem is the complexity involved in attempting to capture the various facets of these activities. Most authors trying to measure the underground economy face the difficulty of how to define it. One commonly used working definition is all currently unregistered economic activities that contribute to the officially calculated (or observed) Gross Domestic Product.

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http://hdl.handle.net/10453/17529