Information Reporting and Tax Compliance

Bibek Adhikari, James Alm () and Timothy F. Harris

AEA Papers and Proceedings, 2020, vol. 110, 162-66

Abstract: Ensuring tax compliance is an enduring problem for governments in all countries. In this paper, we examine the role of information reporting in increasing tax compliance. We first discuss the practice of information reporting in the US, including a recent IRS initiative that implemented information reporting for income received through debit and credit cards via the new Form 1099-K. We then review the literature on the compliance effects of information reporting. Finally, we report some new evidence that indicates that Form 1099-K information reporting had significant—but heterogeneous—impacts on compliance rates of different types of business reporting.

JEL-codes: H24 H26 K34 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (7)

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DOI: 10.1257/pandp.20201041

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