The Effect of Late Payment Penalties on the Payment Timing of Owed Taxes
aut.relation.articlenumber | 111200 | |
aut.relation.endpage | 111200 | |
aut.relation.journal | Economics Letters | |
aut.relation.startpage | 111200 | |
dc.contributor.author | Skov, Peer Ebbesen | |
dc.date.accessioned | 2023-06-12T02:25:16Z | |
dc.date.available | 2023-06-12T02:25:16Z | |
dc.date.issued | 2023-06 | |
dc.description.abstract | This paper studies the effectiveness of a policy designed to influence the timing decision for payments of owed taxes. Owed taxes arise when the sum of the foregoing tax year’s preliminary tax payments falls short of the total tax liability. In 2009 the Danish tax authority (SKAT) introduced an annualised penalty rate of 4.6%. Using administrative tax data, I show that the penalty rate introduction led to a 50-day advancement of payments. | |
dc.identifier.citation | Economics Letters, ISSN: 0165-1765 (Print), Elsevier BV, 111200-111200. doi: 10.1016/j.econlet.2023.111200 | |
dc.identifier.doi | 10.1016/j.econlet.2023.111200 | |
dc.identifier.issn | 0165-1765 | |
dc.identifier.uri | https://hdl.handle.net/10292/16250 | |
dc.language | en | |
dc.publisher | Elsevier BV | |
dc.relation.uri | https://www.sciencedirect.com/science/article/pii/S0165176523002252 | |
dc.rights | Copyright © 2023 Elsevier Ltd. All rights reserved. This is the author’s version of a work that was accepted for publication in (see Citation). Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. The definitive version was published in (see Citation). The original publication is available at (see Publisher's Version). | |
dc.rights.accessrights | OpenAccess | |
dc.subject | 14 Economics | |
dc.subject | Economics | |
dc.subject | 38 Economics | |
dc.title | The Effect of Late Payment Penalties on the Payment Timing of Owed Taxes | |
dc.type | Journal Article | |
pubs.elements-id | 507869 |
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