Have European Banks Left Tax Havens? Evidence from Country-by-Country Data

Giulia Aliprandi (), Mona Barake () and Paul-Emmanuel Chouc ()
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Giulia Aliprandi: EU Tax Observatory
Mona Barake: EU Tax Observatory
Paul-Emmanuel Chouc: EU Tax Observatory

No 2, Reports from EU Tax Observatory

Abstract: This report documents the activity of European banks in tax havens and how this activity has evolved since 2014. The analysis covers 36 systemic European banks that have been required to publicly report country-by-country data on their activities since 2014. We study the level and evolution of the profits booked by these banks in tax havens over the 2014-2020 period. We also compute their effective tax rates and their tax deficit—defined as the difference between what these banks currently pay in taxes and what they would pay if they were subject to a minimum effective tax rate in each country.

Keywords: Tax havens; profit shifting; European banks (search for similar items in EconPapers)
JEL-codes: F23 G21 H26 (search for similar items in EconPapers)
Pages: 60 pages
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:dbp:report:002

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