Can tax incentives for electronic payments reduce the shadow economy? : Korea's attempt to reduce underreporting in retail businesses (English)

Increasing tax revenues by reducing the shadow economy has been a central goal of tax policy and administration in the Republic of Korea since the National Tax Service was established as an independent agency in 1966. This paper examines the Tax Incentive for Electronically Traceable Payments, which was introduced by the Korean tax authorities in 1999 to promote payments made using credit cards, debit cards, and electronic cash receipts in business-to-consumer...

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Author

Sung,Myung Jae;

Awasthi,Rajul;

Lee,Hyung Chul;
Document Date
2017/01/09
Document Type
Policy Research Working Paper
Report Number
WPS7936
Volume No
1
Total Volume(s)
1
Country
Korea, Republic of,
Region
East Asia and Pacific,
Disclosure Date
2017/01/09
Disclosure Status
Disclosed
Doc Name
Can tax incentives for electronic payments reduce the shadow economy? : Korea's attempt to reduce underreporting in retail businesses
Keywords
tax on business income

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Citation

Sung,Myung Jae; Awasthi,Rajul; Lee,Hyung Chul.

Can tax incentives for electronic payments reduce the shadow economy? : Korea's attempt to reduce underreporting in retail businesses (English). Policy Research working paper|no. WPS 7936 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/105841483990962599

Can tax incentives for electronic payments reduce the shadow economy? : Korea's attempt to reduce underreporting in retail businesses (English)

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Citation

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