自动为(税务)人服务:信息共享与避税地跨境投资

IF 4.5 3区 经济学 Q1 ECONOMICS
Agustín Bénétrix, Lorenz Emter, Martin Schmitz
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引用次数: 0

摘要

本文研究了国际自动信息交换条约(AEOI)对避税地跨境投资的影响。通过使用限制版的国际清算银行所在地银行业统计数据,我们发现自动信息交换协议显著减少了跨境存款。按行业分类的评估显示,家庭是这一收缩背后的主要推动力。然而,我们也记录了家庭存款向非 AEOI 避税地国家转移的证据,以及非银行金融机构在避税地国家之间存款增加的证据,这表明自 AEOI 推出以来,空壳公司网络的使用有所增加。将分析范围扩大到证券投资和直接投资,我们观察到针对避税港的投资模式发生了变化,这与 AEOI 条约对这些形式的跨境投资产生重大影响是一致的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Automatic for the (tax) people: information sharing and cross-border investment in tax havens
This paper examines the impact of international automatic exchange of information (AEOI) treaties on cross-border investments in tax havens. Using a restricted version of the BIS Locational Banking Statistics we find that AEOIs significantly reduced cross-border deposits. A sectoral breakdown assessment reveals that households were the key driving force behind this contraction. However, we also document evidence of households’ deposits shifting to non-AEOI haven countries and larger deposits by non-bank financial institutions between tax haven countries, suggesting an increased use of shell corporation networks since AEOI introduction. Extending the analysis to portfolio and direct investment, we observe changes in investment patterns vis-à-vis tax havens which are consistent with a significant impact of AEOI treaties on these forms of cross-border investment.
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来源期刊
Economic Policy
Economic Policy ECONOMICS-
CiteScore
4.80
自引率
0.00%
发文量
41
期刊介绍: Economic Policy provides timely and authoritative analyses of the choices confronting policymakers. The subject matter ranges from the study of how individual markets can and should work to the broadest interactions in the world economy. Economic Policy features: Analysis of key issues as they emerge Views of top international economists Frontier thinking without technical jargon Wide-reaching coverage of worldwide policy debate
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