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Tax Evasion Across Industries: Soft Credit Evidence from Greece
2012
Social Science Research Network
We document that in semiformal economies, banks lend to tax-evading individuals based on the bank's assessment of the individual's true income. This observation leads to a novel approach to estimate tax evasion. We use microdata on household credit from a Greek bank, and replicate the bank underwriting model to infer the banks estimate of individuals' true income. We estimate that 43%-45% of self-employed income goes unreported and thus untaxed. For 2009, this implies 28.2 billion euros of
doi:10.2139/ssrn.2109500
fatcat:pu4z2e6rlzfexbmdhja2d6wgoq