Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202027
Authors: 
Casi, Elisa
Spengel, Christoph
Stage, Barbara M. B.
Year of Publication: 
2019
Series/Report no.: 
ZEW Discussion Papers 18-036
Abstract: 
We study the effect of the first global multilateral standard for the automatic exchange of information (AEOI), the so called Common Reporting Standard (CRS), on cross border tax evasion. Employing newly available bilateral data on cross-border deposits, we find that the CRS induced a reduction of 11.9% in cross-border deposits parked in traditional offshore countries for tax evasion purposes. Moreover, regardless of the 2,600 bilateral exchange relations created under the CRS, relocation is still a desirable option. More specifically, upon the CRS implementation at the domestic level, the United States, which so far did not commit to the CRS, seems to emerge as a potentially attractive location for cross-border tax evasion.
Subjects: 
Tax Evasion
Automatic Exchange of Information
Offshore Countries
Cross-Border Deposits
JEL: 
F42
G21
H26
H31
Document Type: 
Working Paper
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