Search Results - subject_exact:"Offshore-Finanzmarkt"

Langenmayr, Dominika; Streich, David J. - 2026

We provide evidence that individuals use cryptocurrencies to channel funds into and out of tax havens. Exploiting the Panama Papers (2016) and Paradise Papers (2017) leaks as shocks to offshore detection risk, we compare prices of cryptocurrency-fiat pairs involving Singapore and Hong Kong...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654759

Hidden profits, lost jobs? : tax havens and employment decisions

Davies, Ronald B.; Lopez-Forero, Margarita; Michallet, … - 2026

Despite their advantages, multinational enterprises (MNEs) receive significant criticism, particularly with regard to offshoring jobs and shifting profits abroad to avoid taxation. Using administrative data for the universe of Norwegian and French firms and workers, we link these two issues by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596650

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Hidden profits, lost jobs? : tax havens and employment decisions

Davies, Ronald B.; Lopez-Forero, Margarita; Michallet, … - 2026

Book / Working Paper

A leak in paradise : reputation repair policies after offshore data leaks

Bilicka, Katarzyna; Traini, Simone - 2026

We examine whether the public revelation of sensitive tax information prompts firms to adopt reputation repair policies targeting shareholders. Between 2013 and 2021, the International Consortium of Investigative Journalists (ICIJ) released leaked information on over 800,000 offshore entities...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015593100

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A leak in paradise : reputation repair policies after offshore data leaks

Bilicka, Katarzyna; Traini, Simone - 2026

Book / Working Paper

Tax-haven investments and auditor choice : evidence from china

Wei, Zhihua; Kang, Wei; Huang, Xiaoyun; Li, Bo - 2026

We investigated the effect of direct investments in tax havens on firms' auditor choices and found that because tax-haven investments intensify agency problems and information asymmetry, firms tend to hire high-quality auditors to address these issues, with this tendency being stronger in firms...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639217

The instruments of profit shifting

Parra Ramirez, Kevin; Vicard, Vincent - 2026

While multinational enterprises (MNEs) shift hundreds of billions in profits to lowtax jurisdictions annually, how they do remains disputed. Using firm-level data for France in 2018, we provide the first joint quantification of the three main profitshifting channels: transfer mispricing in goods...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644451

Could country-by-country reporting increase profit shifting?

Doeleman, Ruby; Langenmayr, Dominika; Schindler, Dirk - 2026

Since 2016, Country-by-Country reporting has provided tax authorities with detailed information about multinationals' worldwide activities. We model Country-by-Country reporting as increasing tax planning and tax audit costs for profit-shifting multinationals, where the latter costs depend on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656744

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Could country-by-country reporting increase profit shifting?

Doeleman, Ruby; Langenmayr, Dominika; Schindler, Dirk - 2024

Book / Working Paper

Could country-by-country reporting increase profit shifting?

Doeleman, Ruby; Langenmayr, Dominika; Schindler, Dirk - 2024

Book / Working Paper

Estimating the scale of illicit financial flows : the abnormality method

Coll Sol, Daniel; Cuenda García, Mario; Gabanatlhong, … - 2026

This paper introduces the abnormality method to estimate illicit financial flows (IFFs) using a bilateral gravity model complemented by a machine learning technique to analyse unexplained financial flows to offshore centres. The findings provide robust evidence linking abnormal flows to offshore...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667744

Bank capital and the minimum corporate tax

Chiari, Alessandro - 2026

This paper examines whether the Pillar Two Global Minimum Tax reduces bank profitability and regulatory capital, and for which banks the effects are strongest. We use a quarterly exposure-based differencein differences design around 2024Q1, where treatment intensity is defined by pre-2024...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667752

Minimum tax, tax haven and activity shifting

Hindriks, Jean; Nishimura, Yukihiro - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015467243

Quantifying profit shifting : evidence from the OECD CbCR statistics and comparative analysis with ORBIS data

Ledyaeva, Svetlana - 2025

This paper presents a comparative empirical analysis of multinational profit shifting using two principal data sources: the OECD Country-by-Country Reporting (CbCR) statistics and ORBIS firm-level financial data. We begin by systematically examining structural and reporting differences across...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470434

Estimating round-tripping FDI from firm-level data in China

Qian, Zeyi; Zhang, Junfu; Chen, Qiangyuan - 2025

When capital leaves a country and then flows back as foreign direct investment (FDI), we call it round-tripping FDI. It is widely suspected that China's official FDI statistics contain a substantial amount of round-tripping FDI. However, it is difficult to quantify the round-tripping FDI due to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015472685

Institutional origin and Chinese family firms' dot tax haven internationalization

Gong, Ke; Odom, Dustin; Kim, Taewoo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015449481

Private empires : the development of offshore commercial and financial services in tax havens : 1955-1979

Mollan, Simon; Sævold, Kristine - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451110

Bypassing sanctions : hide'n seek in tax havens?

Langenmayr, Dominika; Tovmasyan, Mikayel; Vosseler, … - 2025

Are sanctions bypassed by hiding money offshore? Using bilateral data on bank deposits, we compare how offshore deposits from sanctioned versus non-sanctioned countries develop after the U.S. and the EU impose financial sanctions. Sanctions targeting individuals increase offshore deposits, as...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015455016

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Bypassing sanctions : hide 'n seek in tax havens?

Langenmayr, Dominika; Tovmasyan, Mikayel; Vosseler, … - 2025

Book / Working Paper

Tax havens and reputational costs

DePaul, Adrienne; Murphy, Frank; Vernon, Mary E. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432412

The sovereign bond issuance and tax competition for portfolio investment : a political economy approach

Terai, Kimiko - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432748

Blockchain tax havens and financial secrecy : Liberland as a case study

Rivero Silva, Sebastian - 2025

This article delves into the transition from traditional tax havens to a new generation of digital jurisdictions powered by blockchain technology. It examines how blockchain wallets and decentralized exchanges are redefining financial sovereignty by offering anonymity, asset protection, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438357

Why do banks have so much debt in tax havens?

Garlanda-Longueville, Lorenzo; Lé, Mathias; Parra … - 2025

Tax havens represent the largest financing hub for financial institutions. For banks, they account for more than 20% of all cross-borders banking debt worldwide. Yet, our understanding of the underlying drivers remains limited. Drawing on a unique global dataset covering major international...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015458408

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Why do banks have so much debt in tax havens?

Garlanda-Longueville, Lorenzo; Lé, Mathias; Parra … - 2025

Book / Working Paper

The paradox of policy competition : a simple post-Keynesian theory of how beggar-thy-neighbour FDI-led growth strategies work in principle but not in practice

Woodgate, Ryan - 2025

In recent decades, governments around the world have increasingly used various forms of state aid to try to attract and retain the business activity of foreign-owned multinational corporations. Yet, in most cases, this "commercialisation of state sovereignty" (Palan, 2002) has failed to catalyse...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015444021

Phantom FDI : a structral gravity analysis using MREID

Ahmad, Saad; Bergstrand, Jeffrey H.; Paniagua, Jordi; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015446113

Environmental taxes, offshoring and welfare : the effects of environmental damage and pollution intensity

Iida, Takeshi; Mukherjee, Arijit - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561518

Banks' tax disclosure, financial secrecy, and tax haven heterogeneity

Eberhartinger, Eva; Speitmann, Raffael; Sureth-Sloane, Caren - 2025

This study investigates the impact of mandatory public country-by-country reporting (CbCR) on European banks' engagement in tax and regulatory havens characterized by financial secrecy. Employing a difference-in-differences approach, we find that following the introduction of CbCR, European...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015562102

Rediscovering the multinational enterprise : the rise and fall of "corporate escape" studies

Ylönen, Matti; Christensen, Rasmus Corlin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015550534

Unveiling the drivers of portfolio equity and bond investment in the European Union : the interplay of tax havens and gravity factors

Camarero Olivas, Mariam; Muñoz, Alejandro; Tamarit … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015583393

The sovereign bond issuance and tax competition for portfolio investment

Terai, Kimiko - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015481105

The distribution of profit shifting

Clifford, Sarah; Miethe, Jakob; Semelet, Camille - 2025

By focusing exclusively on large multinational groups, the global minimum tax (GMT) aims to target most of the world's profit shifting while keeping aggregate compliance costs at an acceptable level. This policy brief presents new evidence on profit shifting behavior across the size distribution...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015484356

Knockin' on h(e)aven's door : financial crises and offshore wealth

Marchesi, Silvia; Marcolongo, Giovanna - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574573

Investment in tax haven jurisdiction by Indian MNCs : a conceptual study

Shanmugam, Velmurugan Palaniappan; Arunima, P. - 2025

Purpose - This study aims to understand the investments made by Indian MNCs in different tax havens to optimize their tax liabilities. The study also aims to provide insights into the conceptual framework of such practices, highlighting potential benefits and risks and providing policy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015397719

Local tax havens

Kochems, Johannes - 2025 - This version: October 30, 2025

This paper analyzes how (local) tax havens function. Using the German municipal business tax setting as a laboratory, I investigate the characteristics and emergence of local tax havens. I demonstrate that local tax havens are situated in close proximity to large agglomeration areas, while...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015533218

Global offshore wealth, 2001-2023

Faye, Souleymane; Godar, Sarah; Moura, Carolina; … - 2025

This paper constructs homogeneous time series of global household offshore wealth covering the 2001–2023 period, during which major international efforts were implemented to curb offshore tax evasion. We find that: (i) global offshore wealth remained broadly stable as a fraction of global GDP...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015559839

Avoiding transparency through offshore real estate : evidence from the United Kingdom

Bomare, Jeanne; Le Guern Herry, Ségal - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560553

Minimum tax, tax haven and the foreign direct investment

Hindriks, Jean; Nishimura, Yukihiro - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561034

From tax havens to cryptocurrencies : secrecy-seeking capital in the global economy

Ylönen, Matti; Raudla, Ringa; Babić, Milan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015055073

Unfollow the money : mapping the micro agents of international tax

Stausholm, Saila; Garcia-Bernardo, Javier - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015055281

Tax havens and cross-border licensing with transfer pricing regulation

Choi, Jay Pil; Ishikawa, Jota; Okoshi, Hirofumi - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015056369

The long way to tax transparency : lessons from the early publishers of country-by-country reports

Godar, Sarah; Aliprandi, Giulia; Faccio, Tommaso; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015056384

IMF programs and financial flows to offshore centers

Aiyar, Shekhar; Patnam, Manasa - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014547552

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IMF programs and financial flows to offshore centers

Aiyar, Shekhar; Patnam, Manasa - 2021

Book / Working Paper

IMF Programs and Financial Flows to Offshore Centers

Aiyar, Shekhar S.; Patnam, Manasa - 2022

Book / Working Paper

Money laundering governance and income shifting : evidence from Australian financial institutions

Eulaiwi, Baban; Khalaf, Nihad Shareef; Al-Hadi, Ahmed; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014547970

Where do multinationals locate profits : evidence from country-by-country reporting

Boukal, Tomáš - 2024

Multinational enterprises are increasingly using offshore locations to pay lower taxes on their profits. This behavior has distortive effects on the global economy, as the concentration of multinational activities mirrors global tax patterns. In this paper, I exploit the OECD country-by-country...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015069533

Tax competition effects of a minimum tax rate : empirical evidence from German municipalities

Büttner, Thiess; Poehnlein, Maximilian - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015075619

Revenue losses from corporate tax avoidance : estimations from the UNUWIDER Government Revenue Dataset

Chiari, Alessandro - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014532428

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Revenue losses from corporate tax avoidance : estimations from the UNU-WIDER Government Revenue Dataset

Chiari, Alessandro - 2022

Book / Working Paper

FDI and income inequality in tax-haven countries : the relevance of tax pressure

Soto, Gonzalo; Jardón, Carlos M.; Martinez Cobas, Xavier - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014535791

A comparison between traditional and knowledge input output tables

Davies, Ronald B.; Yang, Guohao - 2024

Input-Output tables have become the workhorse data structure when considering global supply chains since, by definition, they measure how production in one countrysector is linked to that in another via trade in intermediate inputs. What traditional input-output tables miss, however, is the role...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014468905

Profit-shifting elasticities, channels, and the role of tax havens : evidence from micro-level data

Merlo, Valeria; Wamser, Georg - 2024

This chapter reviews the literature providing empirical estimates on the tax elasticity of multinational profits and discusses the challenges faced when attempting to quantify tax-motivated profit shifting. We first use micro-level data to show that multinational corporations hold a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014514815

Design and consequences of CFC and GILTI rules : a review and potential lessons for the global minimum tax

Overesch, Michael; Schindler, Dirk; Wamser, Georg - 2024

This chapter provides a description of one of the key anti-tax-avoidance rules to combat profit shifting by multinational corporations, so called Controlled Foreign Corporation (CFC) rules that directly target income in low-tax countries. We explain some key institutional features of CFC...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014505306

Offshore tax evasion in developing countries : evidence and policy discussion

Johannesen, Niels - 2024

Offshore tax havens cause large losses of government revenue by facilitating tax evasion by wealthy individuals. This paper focuses on offshore tax evasion in developing countries and documents two empirical regularities. First, there is no clear development gradient in the exposure to offshore...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014505895

Taxation of MNE profits in an R&D driven economy : beneficial tax havens and minimum taxes

Lüttmann, Malte - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015115011

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Taxation of MNE Profits in an R&D Driven Economy : Beneficial Tax Havens and Minimum Taxes

Lüttmann, Malte - 2022

Book / Working Paper

The geography of capital allocation in the euro area

2024

Assessing European financial integration has proved difficult because of complex financial intermediation activities carried out in some European financial centres (Ireland, Luxembourg, and the Netherlands) whose scale has grown enormously over time. We refer to these three countries as "onshore...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015322348

Automatic for the (tax) people : information sharing and cross-border investment in tax havens

Bénétrix, Agustín; Emter, Lorenz; Schmitz, Martin - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015332808

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Automatic for the (tax) people : information sharing and cross-border investment in tax havens

Bénétrix, Agustín; Emter, Lorenz; Schmitz, Martin - 2021

Book / Working Paper

Chinese companies in tax havens

Noked, Noam; Wang, Jingyi - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015340217