These results are part of an eleven-part series, The Economics of the Blank Slate , created to discuss the economic effects of repealing various individual tax expenditures. In these reports, Tax Foundation economists use our macroeconomic model to answer two questions lawmakers are considering:. For an overview of the project, click here. For links to articles from the rest of the series, click here.
Tax evasion is the process which is characterized with the refusal of an individual, a company or a corporation to pay taxes. In fact, tax evasion is also the process which describes the intention of an individual or a corporation to pay less tax than they have to. Evidently, tax evasion is a serious crime, because the companies which refuse to pay taxes cause harm to the whole economics of the country, which is generally based on taxes. The importance of taxes is high, because the money achieved through taxing is spent on the improvement of the life of the country or the local area, improvement of the health care system, education, the police, the quality of roads, buildings, parks, etc. So, the public property and the services which are aimed to improve the human life are financed through taxing.
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