Reference : From tax evasion to tax planning
E-prints/Working papers : First made available on ORBilu
Business & economic sciences : Economic systems & public economics
http://hdl.handle.net/10993/2986
From tax evasion to tax planning
English
Bourgain, Arnaud mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Pieretti, Patrice mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Zanaj, Skerdilajda mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
2013
Center for Research in Economic Analysis, University of Luxembourg
No
Luxembourg
Luxembourg
[en] offshore centers ; tax planning; ; tax evasion
[en] This paper analyzes within a simple model how a removal of bank secrecy can impact tax revenues and banks'profitability, assuming that offshore centers are able to offer sophisticated but legal, tax planning. Two alternative regimes are considered. A first, in which there is strict bank secrecy and a second, where there is international information exchange for tax purposes. In particular, we show that sharing tax information with onshore countries can be a dominant strategy for an OFC if there is enough scope for providing tax planning. Moreover, a partial reduction of tax liabilities can already prompt OFCs to voluntarily exchange relevant tax information. We also discuss the conditions under which the possible removal of bank secrecy may reduce or increase the onshore country's tax revenue.
Researchers ; Professionals ; Students
http://hdl.handle.net/10993/2986
CREA Discussion Paper Series

File(s) associated to this reference

Fulltext file(s):

FileCommentaryVersionSizeAccess
Open access
Tax evasion to tax planning 33c.pdfAuthor postprint236.29 kBView/Open

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.