The determinants of capital gains tax compliance: evidence from the RJR Nabisco leveraged buyout

• 成果类型: Article
• 署名作者: Landsman, WR; Shackelford, DA; Yetman, RJ
• 署名单位: University of North Carolina; University of North Carolina Chapel Hill; National Bureau of Economic Research; University of Iowa
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(01)00099-8
• 发表日期: 2002
• 页码: 47-74
• 关键词: capital gains tax compliance; evasion; acquisitions

摘要

Inability to observe both actual and reported capital gains has impeded studies of capital gains tax compliance. This study overcomes such limitations through access to both confidential tax returns and internal shareholder records. Tests are conducted at the individual taxpayer level for associations between compliance rates for capital gains taxes generated by RJR Nabisco shareholders during its leveraged buyout and income, marginal tax rates, socioeconomic characteristics, and measures of the taxpayer's perception of the noncompliance penalty. We find noncompliance decreasing in taxable income, including RJR Nabisco capital gains, first-dollar marginal tax rates, self-employment income, rental income, and other interest paid. (C) 2002 Elsevier Science B.V. All rights reserved.