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A call to action : from evolution to revolution on the common reporting standard
Casi, Elisa
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Nenadic, Sara
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Dinko Orlic, Mark
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Spengel, Christoph
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URL:
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https://madoc.bib.uni-mannheim.de/46607
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URN:
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urn:nbn:de:bsz:180-madoc-466079
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Document Type:
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Working paper
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Year of publication:
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2018
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The title of a journal, publication series:
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ZEW Discussion Papers
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Volume:
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18-035
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Place of publication:
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Mannheim
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Publication language:
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English
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Institution:
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Business School > ABWL u. Betriebswirtschaftliche Steuerlehre II (Spengel)
Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
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MADOC publication series:
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Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
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Subject:
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330 Economics
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Classification:
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JEL:
F42 , G21 , H26 , H31,
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Keywords (English):
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automatic exchange of information , tax evasion , offshore locations , common reporting standard
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Abstract:
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As a result of technical development and globalization, investing abroad has become much more accessible, and thus, an important channel for transferring wealth and income to offshore locations with the aim to avoid tax obligations at home. In this regard, the automatic exchange of information (AEOI) across countries is a strong weapon to stop cross-border tax evasion. This is why, in 2014, the Organization for Economic Cooperation and Development (OECD) launched its proposal for a global AEOI standard, the so-called Common Reporting Standard (CRS). This article provides a cross-country analysis of the national CRS laws for a sample of 41 countries with the aim to determine whether significant deviations from the original OECD model may hinder the effectiveness of the AEOI. Our key recommendation to the OECD and all participating jurisdictions is to achieve a higher level of standardization when designing CRS locally. Furthermore, international pressure on the U.S. to join the CRS is needed. A global AEOI system having the potential to put an end to cross-border tax evasion can be achieved only with the elimination of all attractive locations for illicit financial flows.
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Additional information:
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Erschienen im British Tax Review (BTR), 2019, 2, S. 166-204 --> https://ub-madoc.bib.uni-mannheim.de/50146/
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 | Dieser Eintrag ist Teil der Universitätsbibliographie. |
 | Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt. |
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