Is a tax amnesty a good tax policy? To address this question, this
book examines whether a typical state tax amnesty is likely to
generate substantial short term tax revenues without a
corresponding significant negative effect on long run tax
compliance. Although U.S. states have several motivations for
implementing tax amnesties, the underlying objective boils down to
raising tax revenues, either through the taxes collected
immediately or through additions of new tax payers to the tax rolls
and through an enlarged tax base. Are state tax amnesties
successful in achieving this basic objective (i.e. bringing
revenues to the state treasury that would not otherwise be
collected)? This book revisits this critical question, given the
significant fiscal crisis that many state governments have
confronted since the turn of the twenty-first century.
General
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