Hardback
Research Handbook on the Economics of Tax Havens
This Research Handbook provides a broad overview of research on tax havens across the fields of economics and accounting, as well as political science and tax law. Covering both corporate income tax avoidance and personal income tax evasion, it investigates their profound impact on individuals, multinational firms, governments and the global economy as a whole.
More Information
Critical Acclaim
Contents
More Information
This Research Handbook provides a broad overview of research on tax havens within the fields of economics and accounting, as well as political science and tax law. Covering both corporate income tax avoidance and personal income tax evasion, it investigates their profound impact on individuals, multinational firms, governments and the global economy as a whole.
Expert authors examine the magnitude of tax revenue losses stemming from tax havens, and identify their key characteristics and activities. Chapters analyse the many business models adopted by tax havens, including conduit countries, hidden havens and crime havens. Drawing on cross-disciplinary insights, the Research Handbook evaluates the successes and failures of policy initiatives to prevent tax avoidance and evasion. Reflecting on the increased attention paid to tax havens since the 2008/09 economic crisis, it identifies promising avenues for future research and regulation in the field.
The Research Handbook on the Economics of Tax Havens is an invaluable resource for students and scholars of economics, accounting, tax law, finance and political science. It is also an important read for policy makers seeking to reduce tax avoidance and evasion.
Expert authors examine the magnitude of tax revenue losses stemming from tax havens, and identify their key characteristics and activities. Chapters analyse the many business models adopted by tax havens, including conduit countries, hidden havens and crime havens. Drawing on cross-disciplinary insights, the Research Handbook evaluates the successes and failures of policy initiatives to prevent tax avoidance and evasion. Reflecting on the increased attention paid to tax havens since the 2008/09 economic crisis, it identifies promising avenues for future research and regulation in the field.
The Research Handbook on the Economics of Tax Havens is an invaluable resource for students and scholars of economics, accounting, tax law, finance and political science. It is also an important read for policy makers seeking to reduce tax avoidance and evasion.
Critical Acclaim
‘There has been an explosion of research on tax havens over the past decade. This Research Handbook, written by the top experts in the field, is an essential introduction to this booming field. It will be a lasting reference.’
– Gabriel Zucman, Paris School of Economics, France
‘This is an outstanding collection of surveys and works that provides important insights for any researcher in the field of international taxation seeking a deeper understanding of the role of tax havens.’
– Kai A. Konrad, Max Planck Institute for Tax Law and Public Finance, Germany
‘This is a must read for anyone interested in the role of tax havens in the modern world. An impressive set of world-class authors on a key societal and academic topic.’
– Martin Jacob, IESE Business School, Spain
– Gabriel Zucman, Paris School of Economics, France
‘This is an outstanding collection of surveys and works that provides important insights for any researcher in the field of international taxation seeking a deeper understanding of the role of tax havens.’
– Kai A. Konrad, Max Planck Institute for Tax Law and Public Finance, Germany
‘This is a must read for anyone interested in the role of tax havens in the modern world. An impressive set of world-class authors on a key societal and academic topic.’
– Martin Jacob, IESE Business School, Spain
Contents
Contents
Preface x
PART I INTRODUCTION 1
1 The need for (economic) research on tax havens: an overview on where we are and where we go 2
Arjan Lejour and Dirk Schindler
2 The institutional and historical characteristics of tax havens 23
Dhammika Dharmapala
3 Data leaks and tax havens 40
Hannes F. Wagner and Stefan Zeume
PART II THE EFFECTS OF TAX HAVENS IN CORPORATE TAXATION
4 Theoretical analyses of tax havens 62
Thomas A. Gresik and John D. Wilson
5 Small versus large: the renaissance of macro-data in profit-shifting research 81
Sebastian Beer, Tibor Hanappi and Jan Loeprick
6 Profit-shifting elasticities, channels, and the role of tax havens 105
Valeria Merlo and Georg Wamser
7 The real effects of tax havens 121
Annette Alstadsæter, Ronald B. Davies, Mathieu Parenti and Farid Toubal
8 Tax havens: a developing country perspective 140
Antonia Hohmann, Nadine Riedel and Ida Zinke
PART III PERSONAL INCOME TAX ASPECTS OF TAX HAVENS
9 Tax havens, personal tax evasion and inequality 160
Andreas Økland
10 Citizenship/residence by investment and digital nomad visas 179
Elisa Casi, Mohammed Mardan and Barbara M. B. Stage
11 Tax havens and illicit financial flows 196
Jakob Miethe
PART IV THE BUSINESS MODELS OF TAX HAVENS
12 Conduit countries and treaty shopping 218
Alfons J. Weichenrieder and Dmitry Erokhin
13 Hidden havens: state and local governments as tax havens? 238
David R. Agrawal
14 Crime havens: tax planners and financial institutions rub shoulders with criminals 256
Evelina Gavrilova and Guttorm Schjelderup
PART V REGULATION OF TAX HAVENS
15 Promote, ignore, pretend: the political economy of regulating tax havens 280
Lukas Hakelberg and Thomas Rixen
16 Unlocking hidden treasures: the theory of fighting tax havens efficiently 300
Zarko Y. Kalamov
17 Information exchange and tax havens 319
Lisa De Simone and Bridget Stomberg
18 Multinational firms in tax havens – corporate motives, regulatory countermeasures, and recent statistics 348
Marcel Olbert, Christoph Spengel and Stefan Weck
19 Design and consequences of CFC and GILTI rules: a review and potential lessons for the global minimum tax 371
Michael Overesch, Dirk Schindler and Georg Wamser
20 Deciphering the GloBE in a low-tax jurisdiction 392
Shafik Hebous, Cory Hillier and Andualem Mengistu
21 Life after OECD Pillar Two? Some legal challenges for effective regulation 413
Maarten F. de Wilde
Index 438
Preface x
PART I INTRODUCTION 1
1 The need for (economic) research on tax havens: an overview on where we are and where we go 2
Arjan Lejour and Dirk Schindler
2 The institutional and historical characteristics of tax havens 23
Dhammika Dharmapala
3 Data leaks and tax havens 40
Hannes F. Wagner and Stefan Zeume
PART II THE EFFECTS OF TAX HAVENS IN CORPORATE TAXATION
4 Theoretical analyses of tax havens 62
Thomas A. Gresik and John D. Wilson
5 Small versus large: the renaissance of macro-data in profit-shifting research 81
Sebastian Beer, Tibor Hanappi and Jan Loeprick
6 Profit-shifting elasticities, channels, and the role of tax havens 105
Valeria Merlo and Georg Wamser
7 The real effects of tax havens 121
Annette Alstadsæter, Ronald B. Davies, Mathieu Parenti and Farid Toubal
8 Tax havens: a developing country perspective 140
Antonia Hohmann, Nadine Riedel and Ida Zinke
PART III PERSONAL INCOME TAX ASPECTS OF TAX HAVENS
9 Tax havens, personal tax evasion and inequality 160
Andreas Økland
10 Citizenship/residence by investment and digital nomad visas 179
Elisa Casi, Mohammed Mardan and Barbara M. B. Stage
11 Tax havens and illicit financial flows 196
Jakob Miethe
PART IV THE BUSINESS MODELS OF TAX HAVENS
12 Conduit countries and treaty shopping 218
Alfons J. Weichenrieder and Dmitry Erokhin
13 Hidden havens: state and local governments as tax havens? 238
David R. Agrawal
14 Crime havens: tax planners and financial institutions rub shoulders with criminals 256
Evelina Gavrilova and Guttorm Schjelderup
PART V REGULATION OF TAX HAVENS
15 Promote, ignore, pretend: the political economy of regulating tax havens 280
Lukas Hakelberg and Thomas Rixen
16 Unlocking hidden treasures: the theory of fighting tax havens efficiently 300
Zarko Y. Kalamov
17 Information exchange and tax havens 319
Lisa De Simone and Bridget Stomberg
18 Multinational firms in tax havens – corporate motives, regulatory countermeasures, and recent statistics 348
Marcel Olbert, Christoph Spengel and Stefan Weck
19 Design and consequences of CFC and GILTI rules: a review and potential lessons for the global minimum tax 371
Michael Overesch, Dirk Schindler and Georg Wamser
20 Deciphering the GloBE in a low-tax jurisdiction 392
Shafik Hebous, Cory Hillier and Andualem Mengistu
21 Life after OECD Pillar Two? Some legal challenges for effective regulation 413
Maarten F. de Wilde
Index 438
