Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/175497
Authors: 
Johannesen, Niels
Stolper, Tim B. M.
Year of Publication: 
2017
Series/Report no.: 
EPRU Working Paper Series 2017-01
Abstract: 
We document that the first leak of customer information from a tax haven bank caused a significant decrease in the market value of Swiss banks known to be assisting with tax evasion and that the decrease was largest for the banks most strongly involved. These findings suggest that markets expected the leak to increase the perceived risk of committing and assisting with tax evasion and thus to lower both demand and supply in the market for criminal offshore banking services. This interpretation finds support in further evidence that the leak caused a sharp drop in foreign-owned deposits in tax havens.
Subjects: 
whistleblowing
economic crime
tax evasion
tax havens
JEL: 
G21
H26
K42
Document Type: 
Working Paper

Files in This Item:
File
Size
475.55 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.