Definition
Tax amnesty is the opportunity given to taxpayers to write off an existing tax liability (including interests and fines) by paying a defined amount. Such offers are usually presented as being exceptional and available for only a limited period of time. Amnesties can either be general or restricted to certain groups of taxpayers or taxes, and they routinely include the waiving of criminal and civil penalties.
Prevalence and Types of Tax Amnesties
Both local and central authorities grant tax amnesties. Over the past 50 years, the central governments of some developing countries (e.g., Argentina, Colombia, Brazil, India, the Philippines, Turkey) have repeatedly offered amnesties (Le Borge and Baer 2008), as have the central governments of developed countries plagued by specific economic problems such as recession, financial crisis, and large public debt (e.g., Ireland, Italy, Spain, Greece, Portugal). Many developing and developed countries have also occasionally resorted to...
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Marchese, C. (2019). Tax Amnesty. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7753-2_24
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