The Challenges and Opportunities of Multilateralism / International Tax Cooperation, 10 - 11 December 2018, Oxford Saïd Business School , University of Oxford
Page range:
1-44
Conference title:
The Challenges and Opportunities of Multilateralism
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.
Dieser Eintrag ist Teil der Universitätsbibliographie.
Search Authors in