Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/172833
Authors: 
Menkhoff, Lukas
Miethe, Jakob
Year of Publication: 
2017
Series/Report no.: 
DIW Discussion Papers 1711
Abstract: 
We use newly released bilateral locational banking statistics of the Bank for International Settlements to show the full circle of international tax evasion via tax havens. Surprisingly, white-washed money from tax havens is also withdrawn from banks in non-havens if an information treaty is signed between both countries. There are time lags and other economically plausible structures in these reactions. Interestingly, the effect of additional information-uponrequest treaties seems to fade out over time. By contrast, new treaties based on automatic information exchange again show bite; this puzzling evidence is best explained by dirty money changing its packaging.
Subjects: 
tax evasion
international capital flows
international information exchange treaties
bank deposits
JEL: 
H26
F38
Document Type: 
Working Paper

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