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Cashless payments and tax evasion

Giovanni Immordino () and Francesco Flaviano Russo

European Journal of Political Economy, 2018, vol. 55, issue C, 36-43

Abstract: Cashless payments hinder tax evasion because they build a trail for the underlying transactions. Using European data, we find empirical evidence supporting this claim: credit and debit card payments are negatively related to VAT evasion. We also find that using electronic cards to withdraw cash at ATMs, by making cash more abundant, fosters VAT evasion.

Keywords: Evasion; Payment cards; ATM (search for similar items in EconPapers)
JEL-codes: O17 H26 (search for similar items in EconPapers)
Date: 2018
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Working Paper: Cashless Payments and Tax Evasion (2016) Downloads
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Handle: RePEc:eee:poleco:v:55:y:2018:i:c:p:36-43