Tax Enforcement in the Black Economy: Tackling Disruptive Challenge

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Author(s): Brendan Walker-Munro (Swinburne University, Australia)
Copyright: 2021
Pages: 25
Source title: Handbook of Research on Theory and Practice of Financial Crimes
Source Author(s)/Editor(s): Abdul Rafay (University of Management and Technology, Pakistan)
DOI: 10.4018/978-1-7998-5567-5.ch019

Keywords: Accounting and Finance / Business Science Reference / Criminology & Victimology / Social Sciences & Humanities

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Abstract

The black economy—also called the hidden, covert, underground, grey, illicit, or cash economy—is used to describe the aspect of a country's economy that is not visibly subject to taxation. However, it is also a useful measure of behavioral disruption to the taxation system, as the scale and tactics of black economy participants vary over time. The purpose of this chapter is to suggest that existing tax policy (where legal constraints alone are used) is insufficient to affect black economy behaviour. It suggests that by adopting responses that are “more than law,” revenue administrations can deploy a more advanced and effective approach to improve tax compliance and can decrease the negative impacts of the black economy.

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Tax Enforcement in the Black Economy: Tackling Disruptive Challenge

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