Original paper
Enforcing Wealth Taxes in the Developing World: Quasi-Experimental Evidence from Colombia
Abstract
This paper investigates the feasibility of wealth taxation in developing countries. It uses rich administrative data from Colombia and leverages a government-designed program for voluntary disclosures of hidden wealth as well as the threat of detection triggered by the Panama Papers leak. There are two key findings. First, there is substantial (primarily offshore) evasion: two-fifths of the wealthiest 0.01 percent evade taxes, with these evaders...
Paper Details
Title
Enforcing Wealth Taxes in the Developing World: Quasi-Experimental Evidence from Colombia
Published Date
May 28, 2021
Volume
3
Issue
2
Pages
131 - 148