Are tax havens good? Implications of the crackdown on secrecy

Alfons Weichenrieder and Fangying Xu

No 111, SAFE Working Paper Series from Leibniz Institute for Financial Research SAFE

Abstract: The pressure on tax haven countries to engage in tax information exchange shows first effects on capital markets. Empirical research suggests that investors do react to information exchange and partially withdraw from previous secrecy jurisdictions that open up to information exchange. While some of the economic literature emphasizes possible positive effects of tax havens, the present paper argues that proponents of positive effects may have started from questionable premises, in particular when it comes to the effects that tax havens have for emerging markets like China and India.

Keywords: tax haven; secrecy; tax information exchange; China; India (search for similar items in EconPapers)
JEL-codes: H2 H7 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-pbe
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Are tax havens good? Implications of the crackdown on secrecy (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:safewp:111

DOI: 10.2139/ssrn.2634402

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