Banks Defy Gravity in Tax Havens

Vincent Bouvatier, Gunther Capelle-Blancard and Anne-Laure Delatte

Working Papers from HAL

Abstract: 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.

Keywords: Tax haven; Country-by-country reporting; Tax arbitrage; Regulatory arbitrage; International banking (search for similar items in EconPapers)
Date: 2017
Note: View the original document on HAL open archive server: https://cnrs.hal.science/hal-03101505v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://cnrs.hal.science/hal-03101505v1/document (application/pdf)

Related works:
Working Paper: Banks Defy Gravity in Tax Havens (2018)
Working Paper: Banks Defy Gravity in Tax Havens (2017)
Working Paper: Banks Defy Gravity in Tax Havens (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-03101505

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().