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The ‘scarecrow’ method of getting people to pay taxes actually works
Source:
marketwatch.com
- Aug 1, 2017
Maybe taxpayers just aren’t scared enough.
Companies are more likely to comply with tax laws when they are reminded how likely they are to be audited, according to a new working paper from researchers at la Universidad de la Republica in Uruguay and at the Anderson School of Management at University of California, Los Angeles. The study was distributed by the National Bureau of Economic Research, a Cambridge, Mass.-based research group.
The researchers collaborated with Uruguay’s Internal Revenue Service and sent letters to more than 20,000 companies in that country that collectively pay more than $200 million in taxes every year.
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Category: General Business
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