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2017
- handle: 10670/1.urgl7y
- hal: hal-03101505
info:eu-repo/semantics/OpenAccess
Mots-clés
Tax haven Country-by-country reporting Tax arbitrage Regulatory arbitrage International banking F - International Economics/F.F2 - International Factor Movements and International Business/F.F2.F23 - Multinational Firms • International Business G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages H - Public Economics/H.H2 - Taxation, Subsidies, and Revenue/H.H2.H22 - Incidence H - Public Economics/H.H3 - Fiscal Policies and Behavior of Economic Agents/H.H3.H32 - FirmSujets proches
Earth (Planet)--GravityCiter ce document
Vincent Bouvatier et al., « Banks Defy Gravity in Tax Havens: CEPII Working Paper N°2017-16 », HAL-SHS : économie et finance, ID : 10670/1.urgl7y
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Résumé
Using country-by-country reports from the Systemically Important Banks in the European Union, we measure ``abnormal'' banking activity in tax havens (TH). Our assessment is based on a gravity model used to predict the expected international turnover of EU banks worldwide. We find that: 1) banks turnover in TH represents on average twice the gravity predictions; 2) the abnormal turnover of EU banks represents 1.46\% of GDP in TH and varies between 16\% of GDP and zero; 3) there is a large heterogeneity across TH with Hong Kong, Luxembourg and Singapore concentrating the bulk of the abnormal turnover; 4) we observe a decline and a concentration of abnormal turnover since the reporting requirement has been introduced in the EU.