TY  - SER
AU  - Rotberg, Shahar
AU  -  Steinberg, Joseph B.
TI  - Tax Evasion and Capital Taxation
SN  - 0022-3808
PB  - Journal of Political Economy
KW  -  Capital Income
KW  -  Capital Taxation
KW  -  Tax Revenue
KW  -  Wealth Inequality
KW  - Tax Evasion
N2  - 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 general equilibrium model to study how taxing capital more heavily would affect offshore tax evasion and how this would affect the broader economy. Without evasion, tax revenue could be increased dramatically, inequality could be reduced, and widespread welfare gains could be achieved. After accounting for evasion, however, tax revenue would rise marginally or even fall, inequality would increase, and widespread welfare losses would result
UR  - https://www.journals.uchicago.edu/doi/10.1086/729066
ER  -