So close and yet so far: the ability of mandatory disclosure rules to crack down on offshore tax evasion

Elisa Casi, Mohammed Mardan and Rohit Reddy Muddasani

No wp-2022-116, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: We study the short-term effect of the introduction of the mandatory disclosure programme for aggressive tax arrangements by focusing on the one introduced in May 2018 under Council Directive 2018/288/EU (or DAC6). Employing bilateral data on cross-border deposits, we study the effect of this new disclosure requirement on cross-border tax evasion. Our results show a reduction of cross-border deposits in EU countries with strong enforcement, captured by large monetary penalties for misreporting.

Keywords: Tax evasion; Income under-reporting; Regulation; Wealth; Income (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-eec, nep-iue, nep-law and nep-pub
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Citations: View citations in EconPapers (1)

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