How the 'grassroots' movement has got it totally wrongExecutive Summary:UK Uncut’s campaign against companies that are supposedly not paying sufficient tax is wholly misconceived.UK Uncut has attacked Vodafone for not paying £6 billion of tax on the profits made by its German operations....

We here examine the frequent claim that an increase in the tax base and a decrease in tax evasion will compensate for a loss in tax revenues caused by a lower tax level. Using a unique data set for the estimated underground economy in Italy from 1982 to 2006, we found that a loss in tax revenues...