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Effects of signalling tax evasion on redistribution and voting preferences: Evidence from the Panama Papers
- Source :
- PLoS ONE, Vol 15, Iss 3, p e0229394 (2020), PLoS ONE
- Publication Year :
- 2020
- Publisher :
- Public Library of Science (PLoS), 2020.
-
Abstract
- This paper provides empirical evidence that individuals substantially revise their stated wealth redistribution preferences after fiscal scandals. The 2016 Panama Papers scandal revealed top-income tax evasion behaviour simultaneously worldwide. The empirical investigation exploits this event as a quasi-natural experiment. I rely on two original datasets, a UK household longitudinal dataset and a survey conducted in 22 European countries. I use a difference-in-differences strategy and find that pro-redistribution statements increased between 2% and 3.3% after the scandal. Responses are heterogeneous and larger for right-wing individuals and low-income individuals. This change in wealth redistribution preferences is likely to have been translated into a slight change in votes. The results suggest an increase in stated voting intentions for the left and a decrease for the right. Complementary estimations reveal that more media coverage and more individuals involved by country increase the magnitude of the response.
- Subjects :
- Economics
Social Sciences
Surveys
Geographical locations
Governments
Voting
Surveys and Questionnaires
050602 political science & public administration
050207 economics
Computer Networks
Empirical evidence
media_common
Panama
Family Characteristics
Multidisciplinary
Tax Evasion
05 social sciences
Fraud
Politics
Redistribution (cultural anthropology)
Taxes
0506 political science
Europe
Signalling
Research Design
Medicine
Crime
Research Article
Computer and Information Sciences
General Science & Technology
media_common.quotation_subject
Political Science
Science
Tax evasion
Research and Analysis Methods
0502 economics and business
media_common.cataloged_instance
Humans
European Union
European union
Internet
Survey Research
Central America
Taxation
Social Class
Socioeconomic Factors
North America
Demographic economics
Redistribution of income and wealth
People and places
Finance
Subjects
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 15
- Issue :
- 3
- Database :
- OpenAIRE
- Journal :
- PLoS ONE
- Accession number :
- edsair.doi.dedup.....bfb4dccf2a38a939c70aff3d244f5af7