The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown

Publikation: Working paperForskning

Standard

The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown. / Johannesen, Niels; Zucman, Gabriel.

Paris : Paris School of Economics, 2012.

Publikation: Working paperForskning

Harvard

Johannesen, N & Zucman, G 2012 'The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown' Paris School of Economics, Paris. <http://www.parisschoolofeconomics.eu/docs/zucman-gabriel/sub_jan31.pdf>

APA

Johannesen, N., & Zucman, G. (2012). The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown. Paris School of Economics. http://www.parisschoolofeconomics.eu/docs/zucman-gabriel/sub_jan31.pdf

Vancouver

Johannesen N, Zucman G. The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown. Paris: Paris School of Economics. 2012.

Author

Johannesen, Niels ; Zucman, Gabriel. / The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown. Paris : Paris School of Economics, 2012.

Bibtex

@techreport{2b446b295bfd45408030504a54de4ff5,
title = "The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown",
abstract = "During the ¿nancial crisis, G20 countries compelled tax havens to sign bilateral treaties providing for exchange of bank information. Policymakers have celebrated this global initiative as the end of bank secrecy. Exploiting a unique panel dataset, we study how the treaties a¿ected bank deposits in tax havens. Most tax evaders, our results suggest, did not respond to the treaties. A minority responded by transferring deposits to havens not covered by a treaty. Overall, the G20 tax haven crackdown caused a modest relocation of deposits between havens but no signi¿cant repatriation of funds: the era of bank secrecy is not over.",
keywords = "Faculty of Social Sciences, Tax havens, Tax evasion",
author = "Niels Johannesen and Gabriel Zucman",
note = "JEL classi¿cations: H26, H87, G21, K42",
year = "2012",
language = "English",
publisher = "Paris School of Economics",
type = "WorkingPaper",
institution = "Paris School of Economics",

}

RIS

TY - UNPB

T1 - The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown

AU - Johannesen, Niels

AU - Zucman, Gabriel

N1 - JEL classi¿cations: H26, H87, G21, K42

PY - 2012

Y1 - 2012

N2 - During the ¿nancial crisis, G20 countries compelled tax havens to sign bilateral treaties providing for exchange of bank information. Policymakers have celebrated this global initiative as the end of bank secrecy. Exploiting a unique panel dataset, we study how the treaties a¿ected bank deposits in tax havens. Most tax evaders, our results suggest, did not respond to the treaties. A minority responded by transferring deposits to havens not covered by a treaty. Overall, the G20 tax haven crackdown caused a modest relocation of deposits between havens but no signi¿cant repatriation of funds: the era of bank secrecy is not over.

AB - During the ¿nancial crisis, G20 countries compelled tax havens to sign bilateral treaties providing for exchange of bank information. Policymakers have celebrated this global initiative as the end of bank secrecy. Exploiting a unique panel dataset, we study how the treaties a¿ected bank deposits in tax havens. Most tax evaders, our results suggest, did not respond to the treaties. A minority responded by transferring deposits to havens not covered by a treaty. Overall, the G20 tax haven crackdown caused a modest relocation of deposits between havens but no signi¿cant repatriation of funds: the era of bank secrecy is not over.

KW - Faculty of Social Sciences

KW - Tax havens

KW - Tax evasion

M3 - Working paper

BT - The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown

PB - Paris School of Economics

CY - Paris

ER -

ID: 37830168