Dirty money coming home: Capital flows into and out of tax havens

Jakob Miethe and Lukas Menkhoff

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: We use recently released bilateral locational banking statistics of the BIS to show the full circle of international tax evasion via tax havens. White-washed money from tax havens is withdrawn from banks in non-havens if an information treaty is signed. This complements the stylized fact of such a reaction on outbound flows into tax havens. We find different time lags and other plausible structures in these reactions and a puzzling decline of the effect of treaties on capital flows over time.

JEL-codes: F38 G21 H26 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-ban, nep-iue and nep-pbe
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Tax evasion in new disguise? Examining tax havens' international bank deposits (2019)
Working Paper: Tax Evasion in New Disguise? Examining Tax Havens’ International Bank Deposits (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168082

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