Cross-border tax evasion after the common reporting standard: Game over?

Casi-Eberhard, Elisa ; Spengel, Christoph ; Stage, Barbara

URL:	https://www.sbs.ox.ac.uk/sites/default/files/2018-...
Weitere URL:	https://www.sbs.ox.ac.uk/sites/default/files/2018-...
Dokumenttyp:	Konferenzveröffentlichung
Erscheinungsjahr:	2018
Buchtitel:	The Challenges and Opportunities of Multilateralism / International Tax Cooperation, 10 - 11 December 2018, Oxford Saïd Business School , University of Oxford
Seitenbereich:	1-44
Veranstaltungstitel:	The Challenges and Opportunities of Multilateralism
Veranstaltungsort:	Oxford, UK
Veranstaltungsdatum:	10.-11.12.2018
Ort der Veröffentlichung:	Oxford
Verlag:	Saïd Business School, University of Oxford
Sprache der Veröffentlichung:	Englisch
Einrichtung:	Fakultät für Betriebswirtschaftslehre > ABWL u. Betriebswirtschaftliche Steuerlehre II (Spengel 2006-)
Fachgebiet:	330 Wirtschaft
Abstract:	In 2013, the Automatic Exchange of Information (AEOI) was endorsed as the prevailing universal solution to fight cross-border tax evasion and the OECD launched a global standard for the AEOI, the Common Reporting Standard (CRS). In this study, we analyze the impact of the CRS on cross-border tax evasion. Our results suggest that the CRS induced a reduction of 14% in cross-border deposits parked in traditional offshore countries for tax evasion purposes. Moreover, regardless of the 2,600 bilateral exchange relations created under the CRS, relocation still emerged as the preferred option. More specifically, upon the CRS implementation at domestic level, the United States, which so far did not commit to the CRS, seems to emerge as a potentially attractive location for cross-border tax evasion.