Have a look at

Article The Economic Analysis of Tax Evasion

Article The Theory of Tax Evasion: A Retrospective View

Article Cheating Ourselves: The Economics of Tax Evasion

Chapter Tax Evasion by Firms

Thanks José-Ignacio Antón for sharing. I will look into those suggested articles. Appreciate your kind help.

The following paper talks about the subject theory per se; you may want to check it out:

Tax compliance theory and the literature

K Devos - Factors influencing individual taxpayer compliance …, 2014 - Springer

https://link.springer.com/chapter/10.1007/978-94-007-7476-6_2#:~:text=The%20main%20theoretical%20approaches%20to,social%20and%20fiscal%20psychological%20approaches.&text=Progressive%20and%20actual%20level%20of,Penalties%20for%20non%2Dcompliance.

Thanks Dr Bhadrappa Haralayya