Tax Enforcement and the Intended and Unintended Consequences of Information Disclosure
We quantify the intended and unintended consequences to firms of increasing tax information disclosure to the IRS. Our empirical strategy leverages an exogenously staggered adoption of a redesigned tax form. We find that the redesign was successful at increasing compliance after 2011 among some firms, the intended consequence. At the same time, we find that firms changed their reporting in a way that decreased expected tax liability, an unintended consequence. We estimate that this unintended behavior reduced corporate receipts by $1.3 billion.
Date:
4 November 2020, 16:00 (Wednesday, 4th week, Michaelmas 2020)
Venue:
By Zoom
Speaker:
Elena Patel (David Eccles School of Business, the University of Utah)
Organising department:
Saïd Business School
Organisers:
Dr Martin Simmler (Oxford University Centre for Business Taxation),
Dr Irem Guceri (Oxford University Centre for Business Taxation)
Organiser contact email address:
cbt@sbs.ox.ac.uk
Part of:
Oxford University Centre for Business Taxation Research Seminars
Booking required?:
Required
Booking email:
CBTEvents@sbs.ox.ac.uk
Audience:
Members of the University only
Editor:
Alison Meeson
