Elsayyad, May; Konrad, Kai A. - In: Journal of International Economics 86 (2012) 2, pp. 295-305
Practices Initiative against tax havens. We show that the sequential nature of the process is harmful and more costly than a …. Closing down a subset of tax havens reduces competition among the havens that remain active. This makes their “tax haven … business” more profitable and shifts a larger share of rents to these remaining tax havens, making them more reluctant to give …