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From tax evasion to tax planning
BOURGAIN, Arnaud; PIERETTI, Patrice; ZANAJ, Skerdilajda
2013
 

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Keywords :
offshore centers; tax planning;; tax evasion
Abstract :
[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.
Disciplines :
Economic systems & public economics
Author, co-author :
BOURGAIN, Arnaud ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
PIERETTI, Patrice ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
ZANAJ, Skerdilajda  ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
Language :
English
Title :
From tax evasion to tax planning
Publication date :
2013
Commentary :
CREA Discussion Paper Series
Available on ORBilu :
since 25 June 2013

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