Macroeconomic Factors and Voluntary Tax Compliance
Keywords:
Voluntary tax compliance, macroeconomic factors, economic crisisAbstract
Voluntary tax compliance is the base of the modern tax systems. Therefore, it is necessary to understand all the factors that affect the readiness of taxpayers to fulfil their tax obligations. However, tax compliance is also influenced by the macroeconomic environment, and the changes of business cycle, respectively. In our paper we focus on the respective factor which influence on tax compliance is not broadly discussed in the literature. We try to demonstrate its importance with the review of relevant publications. Namely, the review of available (especially) empirical research indicates that the changes of real environment as dependant variable, with respect to the changes of tax compliance, are applied rarely. Still, the studies which have applied the relative variable have also established that the worsening of the macroeconomic conditions has a significant impact on the tax compliance decrease. The last was also confirmed by the analyses of consequences with reference to the latter economic crisis.
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