Measuring shadow economy by the relationship between the tax regime effectiveness and cashless payments: the case of VAT and Russian regions

Student: Karpenko Gleb

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2020

This paper studies the influence of cash and cashless payments on the effectiveness of the tax regime using an example of regions of the Russian Federation. As a result of applying the panel data model with fixed effects on a sample of 79 regions in 2014-2018, a negative statistically significant relationship between the amount of cash withdrawn from bank cards and VAT state revenue was obtained. No statistically significant relationship between the volume of payments with the bank cards and state revenue from VAT was obtained.

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