Dirty money coming home: capital flows into and out of tax havens

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Bibliographic Details
Authors and Corporations:	Menkhoff, Lukas (Author), Miethe, Jakob (Author)
Other Authors:	Miethe, Jakob [Author]
Type of Resource:	E-Book
Language:	English
published:	Berlin DIW Berlin, German Institute for Economic Research 2017
Series:	Deutsches Institut für Wirtschaftsforschung: Discussion papers ; 1711
Subjects:	Tax evasion international capital flows international information exchange treaties bank deposits Arbeitspapier Graue Literatur
Source:	Verbunddaten SWB Lizenzfreie Online-Ressourcen

Description
Summary:	We use newly released bilateral locational banking statistics of the Bank for International Settlements to show the full circle of international tax evasion via tax havens. Surprisingly, white-washed money from tax havens is also withdrawn from banks in non-havens if an information treaty is signed between both countries. There are time lags and other economically plausible structures in these reactions. Interestingly, the effect of additional information-uponrequest treaties seems to fade out over time. By contrast, new treaties based on automatic information exchange again show bite; this puzzling evidence is best explained by dirty money changing its packaging.
Item Description:	Datei wurde von der herausgebenden Institution entfernt
Physical Description:	1 Online-Ressource (circa 57 Seiten); Illustrationen